Credit Source
Domestic markets are likely to edge higher in Thursday’s trade amid strong global cues, and stronger-than-expected US retail sales data. As of 7:40 am, the SGX Nifty quoted at 18,066 levels, up 43-odd points.
READ MORE
Domestic markets are likely to edge higher in Thursday’s trade amid strong global cues, and stronger-than-expected US retail sales data. As of 7:40 am, the SGX Nifty quoted at 18,066 levels, up 43-odd points.
Globally, the US markets closed higher overnight as US retail sales jumped 3 per cent in January, biggest gain since 2021. Key indices like Dow Jones, the S&P 500, and NASDAQ Composite slipped up to 0.9 per cent.
Asia-Pacific markets, too, rose in tandem, with Nikkei 225, Topix, Kospi, Kosdaq, and the S&P 200 indices rising up to 2 per cent.
In the commodities market, prices of WTI Crude and Brent Crude rose up to 0.4 per cent to $78 per barrel, and $85 per barrel, respectively.
Back home, shares of Nestle India, and Schaeffler India will be in focus ahead of the October-December (Q3FY23) results.
READ LESS
Read Full Article