Indian shares are anticipated to open cautiously on Thursday as investors look ahead to the upcoming third-quarter earnings season and prepare for the much-awaited U.S. jobs report set for release on Friday, which could influence the Federal Reserve's policy direction.
Tata Consultancy Services will initiate the quarterly earnings reports today, with analysts predicting a slight increase in quarterly revenue on a sequential basis and an annual revenue growth of 6.3 percent.
The weekly expiry of Nifty 50 options contracts may lead to heightened volatility as the session develops.
U.S. stock markets will be closed today in observance of a National Day of Mourning for former President Jimmy Carter.
Benchmark indices Sensex and Nifty concluded Wednesday’s uneven session essentially unchanged, recovering from earlier losses following a reduction in economic growth forecasts by the government. Meanwhile, the rupee depreciated by 13 paise to a new record low of 85.87 per dollar amidst rising crude oil prices and continuous foreign investment outflows.
Foreign portfolio investors continued their selling streak, unloading shares worth Rs 3,362.18 crore on Wednesday, while domestic institutional investors bought shares amounting to Rs 2,716.28 crore, as per provisional data from NSE.
Asian markets were mostly down this morning following data indicating that China's consumer inflation continued to weaken towards zero in December and producer price deflation persisted, posing a challenge to the government's attempts to revive a sluggish economy.
Oil maintained its losses after dropping over 1 percent on Wednesday. Gold dipped slightly, while the dollar and Treasuries remained stable as the focus turned to the upcoming U.S. nonfarm payrolls report.
Fed Governor Christopher Waller remarked on Wednesday his expectation that inflation will continue to ease towards the central bank's 2 percent target in the medium term, suggesting that further rate reductions will be suitable.
U.S. stocks ended mixed overnight as investors considered a variety of economic data and reports indicating that President-elect Donald Trump was contemplating declaring a national economic emergency to legally justify a series of universal tariffs on allies and adversaries.
In economic news, the ADP private sector employment report showed fewer job additions in December than economists had forecasted, while separate data revealed an unexpected drop in jobless claims to their lowest level in nearly eleven months.
The minutes from the Fed's December meeting showed officials anticipate slower rate cuts in 2025 and continue to express concern over the inflationary impacts of Trump's policies.
The tech-heavy Nasdaq Composite finished slightly lower, while the Dow climbed 0.3 percent and the S&P 500 rose 0.2 percent.
European stocks declined broadly on Wednesday following disappointing data on Eurozone economic sentiment, German retail sales, and factory orders.
The pan-European STOXX 600 fell by 0.2 percent. The German DAX slipped slightly, France's CAC 40 dropped 0.5 percent, while the U.K.’s FTSE 100 closed flat with a positive inclination.
The material has been provided by InstaForex Company - www.instaforex.com
Tata Consultancy Services will initiate the quarterly earnings reports today, with analysts predicting a slight increase in quarterly revenue on a sequential basis and an annual revenue growth of 6.3 percent.
The weekly expiry of Nifty 50 options contracts may lead to heightened volatility as the session develops.
U.S. stock markets will be closed today in observance of a National Day of Mourning for former President Jimmy Carter.
Benchmark indices Sensex and Nifty concluded Wednesday’s uneven session essentially unchanged, recovering from earlier losses following a reduction in economic growth forecasts by the government. Meanwhile, the rupee depreciated by 13 paise to a new record low of 85.87 per dollar amidst rising crude oil prices and continuous foreign investment outflows.
Foreign portfolio investors continued their selling streak, unloading shares worth Rs 3,362.18 crore on Wednesday, while domestic institutional investors bought shares amounting to Rs 2,716.28 crore, as per provisional data from NSE.
Asian markets were mostly down this morning following data indicating that China's consumer inflation continued to weaken towards zero in December and producer price deflation persisted, posing a challenge to the government's attempts to revive a sluggish economy.
Oil maintained its losses after dropping over 1 percent on Wednesday. Gold dipped slightly, while the dollar and Treasuries remained stable as the focus turned to the upcoming U.S. nonfarm payrolls report.
Fed Governor Christopher Waller remarked on Wednesday his expectation that inflation will continue to ease towards the central bank's 2 percent target in the medium term, suggesting that further rate reductions will be suitable.
U.S. stocks ended mixed overnight as investors considered a variety of economic data and reports indicating that President-elect Donald Trump was contemplating declaring a national economic emergency to legally justify a series of universal tariffs on allies and adversaries.
In economic news, the ADP private sector employment report showed fewer job additions in December than economists had forecasted, while separate data revealed an unexpected drop in jobless claims to their lowest level in nearly eleven months.
The minutes from the Fed's December meeting showed officials anticipate slower rate cuts in 2025 and continue to express concern over the inflationary impacts of Trump's policies.
The tech-heavy Nasdaq Composite finished slightly lower, while the Dow climbed 0.3 percent and the S&P 500 rose 0.2 percent.
European stocks declined broadly on Wednesday following disappointing data on Eurozone economic sentiment, German retail sales, and factory orders.
The pan-European STOXX 600 fell by 0.2 percent. The German DAX slipped slightly, France's CAC 40 dropped 0.5 percent, while the U.K.’s FTSE 100 closed flat with a positive inclination.
The material has been provided by InstaForex Company - www.instaforex.com