Stock market updates on Monday, January 29, 2024: Equity markets seem poised for an eventful week ahead, with the US Fed policy and the Interim Budget in focus.
At 08:00 AM, Gift Nifty futures quoted around 21,630, indicating a gap-up open of over 100 points on the Nifty 50.
That apart, shares of HDFC Bank, SBI Cards, Adani Power and Coal India too are likely to be in focus.
Global cues
In Asia this morning, Hang Seng soared over 1.5 per cent. Kospi surged 1 per cent, while Nikkei added 0.8 per cent. Shanghai, Straits Times and Taiwan too were seen holding steady gains.
On Friday, the US market ended on a mixed note amid a spike in inflation numbers. Dow Jones added 0.2 per cent, while the S&P 500 and Nasdaq slipped 0.1 per cent and 0.4 per cent, respectively.
The US 10-year yield rose to 4.141 per cent. Brent Crude Oil quoted above $83 per barrel mark.