While the Nifty is above 7400 in early trade, three stocks are in the red this morning. On expected lines the indices raced ahead on Thursday following positive global cues. Banking and metal stocks are, however, showing signs of weakness after initial rise. Tata Steel and NTPC have shed close to a percent each while Gail is down marginally. Remaining stocks in the Nifty are in the green.
Key Q3 results today include Arvind Ltd, Bajaj Auto, Berger Paints, Fortis Healthcare, GSPL, Hawkins, Heidelberg Cement, Ingersoll-Rand India, Inox Leisure, JK Lakshmi Cement, Mphasis Ltd, MT Educare, OnMobile, Poly Medicure, Sanofi India, Solar Industries, Talwalkars, Tata Steel, Torrent Pharma, Trent Ltd and ZF Steering.
Most Asian markets are trading higher except for Nikkei. China's CSI300 and Hong Kong's Hang Seng are up over a percent while South Korea's Kospi has gained 0.9%.
The Dow Jones Industrial Average rebounded late on Wednesday after oil prices jumped by 8%, lifting the Energy and Materials sectors. The Dow erased a 120-point drop to close 183.19 points, or 1.1%, higher at 16,336.66. The S&P 500 index gained 9.5 points, or 0.5%, to end at 1,912.53. The Nasdaq Composite index pared earlier losses but ended in the negative territory, losing 12.71 points, or 0.3%, on the day to settle at 4,504.24.
Most Asian markets are trading higher except for Nikkei. China's CSI300 and Hong Kong's Hang Seng are up over a percent while South Korea's Kospi has gained 0.9%.
The Dow Jones Industrial Average rebounded late on Wednesday after oil prices jumped by 8%, lifting the Energy and Materials sectors. The Dow erased a 120-point drop to close 183.19 points, or 1.1%, higher at 16,336.66. The S&P 500 index gained 9.5 points, or 0.5%, to end at 1,912.53. The Nasdaq Composite index pared earlier losses but ended in the negative territory, losing 12.71 points, or 0.3%, on the day to settle at 4,504.24.
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