MARKET LIVE: Indices may remain volatile today; Wipro, Infy, SAIL on radar
may remain volatile on Thursday as investors adjust their positions for the weekly F&O expiry later today. That apart, global cues, stock-specific triggers and macro data along with Q3 earnings are likely to guide the Indian
Market participants would react to Infosys and Wipro’s Q3FY21 results that largely beat Street estimates on all fronts and were declared post market-hours. Infosys on Wednesday raised its full-year revenue and margin guidance after posting 16.6 per cent growth in net profit in the quarter ended December (Q3). READ MORE
Wipro, meanwhile, posted 20.9-per cent year-on-year (YoY) growth in consolidated net profit at Rs 2,968 crore for the December quarter. READ MORE
Den Networks, HFCL, Reliance Industrial Infrastructure, Tata Steel Long Products, Websol Energy System and Digicontent will announce their quarterly earnings on January 14.
In overnight trade, Wall Street closed mixed as investors waited for details of the next US fiscal stimulus plan, expected to be announced by President-elect Joe Biden later today. The Dow Jones Industrial Average fell 0.03%, the S&P 500 gained 0.23%, and the Nasdaq Composite added 0.43 per cent.
(With inputs from Reuters)