Stock market LIVE updates: Asian indices are trading lower, following weakness on Wall Street, as concerns around the banking sector resurfaced.
Overnight in the US, the Dow Jones Industrial Average fell 1.02 per cent, while the S&P 500 finished 1.58 per cent lower. The Nasdaq Composite saw the largest loss as it dropped 1.98 per cent.
At 7:20 AM, SGX Nifty was down 30 points at 17,757.
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Earnings today
SBI Life Insurance Company, HDFC Life Insurance Company, Maruti Suzuki, Bajaj Finance, L&T Technology Services, Voltas, Poonawalla Fincorp, KPIT Technologies, UTI Asset Management Company, Shoppers Stop, and JTL Industries are among the 24 companies due to report their Q4FY23 results today.
Individually, higher volume growth, coupled with increase in average selling price (ASP) due to price hikes, are likely to help Maruti Suzuki India clock up to 12 per cent revenue growth quarter-on-quarter (QoQ) to Rs 32,593 crore in the January-March quarter of FY23 (Q4FY23). READ PREVIEW HERE