Credit Source
Strong global cues, falling crude prices, and healthy domestic flows may buoy domestic equity markets in the northward direction on Tuesday.
Overnight, the US markets staged a comeback supported by better-than-expected earnings reports. The tech-heavy index, NASDAQ Composite surged over 3 per cent to record the best day since July 27 as tech stocks rebounded, led by gains in Amazon, Meta Platforms, and Microsoft.Dow Jones and the S&P 500, on the other hand, climbed up to 2 per cent.
Also Read : India’s policy hawk sees end of aggressive hikes amid growth fears
Tracking strength in Wall Street, markets in Asia-Pacific re-ignited too, with Nikkei 225, Topix, Kospi, Kosdaq and the S&P 200 indices rising in the range of 0.4-2.1 per cent on Tuesday.
Back home, investors will continue to track the quarterly earnings season. Companies like L&T Technology, KPIT Technologies, Network18, Praj Industries, among others will report the July-September quarter results (Q2FY23) on Tuesday, October 18.
Add A Comment