Stock market updates on Thursday, January 11, 2024: Indian stocks will be looking forward for a positive start on Thursday morning as cues from global peers were supportive.
Going ahead, TCS and Infosys Q3 earnings is likely to dictate the market trend today.
At 07:00 AM, Gift Nifty futures quoted around 21,710, indicating a mildly positive start to the trading action on the Nifty 50.
Japan’s Nikkei climbed 1.6 per cent to hit fresh 34-year high this morning as investors bet on a delay in the Bank of Japan’s plans to end its ultra-loose policies.
Overnight, the US market ended with gains up to 0.8 per cent ahead of inflation data on Thursday followed by major bank earnings later this weeek.
Federal Reserve Bank of New York President John Williams on Wednesday said it is still too soon to call for rate cuts.
Meanwhile, the US Securities and Exchange Commission approved the first US-listed exchange traded funds (ETFs) to track bitcoin.