SGX Nifty is down by 59.5 points in the early morning trade, indicating a negative opening for Indian stock market.
Asian markets were mixed on Thursday as investors await inflation data from the US. The Japanese Nikkei is down by 0.47 percent and South Korea’s Kospi is down by 0.82 percent. Hong Kong’s Hang Seng is down by 0.2 percent in the early morning trades.
US markets edged lower on Wednesday after minutes from the last Federal Reserve meeting showed policymakers agreed they needed to maintain a more restrictive policy stance. S&P 500 closed 0.33 percent lower where as Nasdaq composite was down by 0.09 percent.
India’s headline retail inflation measured by the Consumer Price Index (CPI) rose to 7.41 percent in September from 7.00 percent in August. At 7.41 percent, the September CPI inflation figure was slightly above the consensus estimate
?HCL Technologies reports 6.3% QoQ growth in Q2 profit, expects FY23 revenue to grow 13.5–14.5% YoY in constant currency. The IT services company recorded 6.3% sequential growth in consolidated profit at Rs 3,489 crore and revenue increased by Rs 5.2% QoQ to Rs 24,686 crore.
?Wipro reports 4.1% QoQ growth in IT services revenue in constant currency, operating margin expands 16 basis points QoQ. The company said IT services segment revenue in constant currency increased by 4.1% QoQ in Q2FY23 and dollar revenue rose by 2.27% QoQ to $2,797.7 million for the quarter ended September FY23.
?Tata Power to develop 7 MW solar project at Pantnagar manufacturing facility. The company is going to develop 7 MW solar project at its Pantnagar manufacturing facility in Uttarakhand. This installation is expected to generate 215 million units of electricity, potentially reducing carbon emissions by over 1.7 lakh tonnes.
?ITC Infotech incorporates subsidiary in Brazil. The company said its subsidiary ITC Infotech India has incorporated a wholly owned subsidiary in Brazil under the name of ITC Infotech Do Brasil LTDA. ITC Infotech has received registration certificate for incorporation of the subsidiary.
?Foreign institutional investors (FIIs) net sold shares worth Rs 542.36 crore, whereas domestic institutional investors (DIIs) net bought shares worth Rs 85.32 crore on October 12, as per provisional data available on the NSE.
Key Equity Indices
EMERGING | LATEST | % 1D |
Hang Seng | 16,701 | (0.8) % |
Shanghai Composite | 3,026 | 1.5 % |
DEVELOPED | LATEST | % 1D |
Dow Jones | 29,211 | (0.3) % |
DAX | 12,172 | (0.4) % |
FTSE 100 | 6,826 | (0.9) % |
Nikkei | 26,397 | (0.0) % |
Straits Times | 3,083 | (0.7) % |
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