INDIAN BENCHMARKS edged higher , heading for a second consecutive session of gains, led by software services exporter, Infosys Ltd, which surged 6 percent after its December- quarter earnings beat estimates.
Further, Infosys reported flat growth in US $ revenues to $2218 million in spite of 4.2% (QoQ) growth in volumes due to cross currency movement (Europe depreciation against USD). However, the revenues in rupee term grew by 3.4% sequentially to Rs13796 crore due to favourable INR-USD movement.
The INDIAN BENCHMARKS ended up 184 points at 27,458 and the 50-share Nifty ended up 50 points at 8,284.50.
GLOBAL MARKET CHASE
ASIAN STOCKS rose on upbeat expectations for the closely-watched U.S. jobs data, while the euro continued to flirt with fresh nine-year lows against the dollar.
U.S. STOCKS futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS snapped a two-day winning streak ahead of key U.S. non-farm payrolls data, with Spain's Banco Santander sliding over 10 percent after unveiling a capital hike and dividend cut.
WEEK AHEAD
In the coming week, trend in global markets, Q3 results of India Inc, domestic and global macro economic data, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate the trend on the bourses.
On the macro front, industrial production growth is expected to remain muted in November 2014 and consumer price inflation is likely to accelerate in December 2014.
The government will unveil industrial production data for November 2014 after trading hours on Monday, January 12, 2015.
The government will release the data on CPI inflation for December 2014 after trading hours on Monday, January 12, 2015.
The government will release data on WPI for December 2014 at 12 noon on Wednesday, January 14, 2015.
Further, Infosys reported flat growth in US $ revenues to $2218 million in spite of 4.2% (QoQ) growth in volumes due to cross currency movement (Europe depreciation against USD). However, the revenues in rupee term grew by 3.4% sequentially to Rs13796 crore due to favourable INR-USD movement.
The INDIAN BENCHMARKS ended up 184 points at 27,458 and the 50-share Nifty ended up 50 points at 8,284.50.
GLOBAL MARKET CHASE
ASIAN STOCKS rose on upbeat expectations for the closely-watched U.S. jobs data, while the euro continued to flirt with fresh nine-year lows against the dollar.
U.S. STOCKS futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS snapped a two-day winning streak ahead of key U.S. non-farm payrolls data, with Spain's Banco Santander sliding over 10 percent after unveiling a capital hike and dividend cut.
WEEK AHEAD
In the coming week, trend in global markets, Q3 results of India Inc, domestic and global macro economic data, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate the trend on the bourses.
On the macro front, industrial production growth is expected to remain muted in November 2014 and consumer price inflation is likely to accelerate in December 2014.
The government will unveil industrial production data for November 2014 after trading hours on Monday, January 12, 2015.
The government will release the data on CPI inflation for December 2014 after trading hours on Monday, January 12, 2015.
The government will release data on WPI for December 2014 at 12 noon on Wednesday, January 14, 2015.
Get
free trading in equity tips, free equity tips, stock tips, stock cash
tips, stock futures tips, commodity tips, nifty tips, nifty futures,
mcx tips, ncdex tips, and share market tips etc.
No comments:
Post a Comment