The Nifty had closed with a gain of 19 points at 10,651.20 on Thursday (Representational image)
Indian stock markets are likely to start Friday's session on a positive note with the SGX Nifty trading 36.50 points lower at 10,694 on Singapore Exchange. Shares in the other Asian markets resumed their ascent on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent, following two straight sessions of decline. Japan's Nikkei dipped 0.1 per cent. Overnight on Wall Street, the three major US stock indices hit record highs, with the Dow Jones industrial average rising 0.81 per cent, the S&P 500 gaining 19.33 points and the Nasdaq Composite adding 0.81 per cent. MSCI's broadest gauge of the world's stock markets also hit a record high on Thursday.
On Thursday, the domestic shares closed at fresh life-time highs on optimism surrounding corporate earnings amid mixed global cues. The BSE Sensex rose 70.42 points to end at 34,503.49 and the NSE Nifty finished with a gain of 19 points at 10,651.20. TCS reported a net profit of Rs. 6,531 crore in December quarter, as against Rs. 6,446 crore in September quarter. Income from operations rose to Rs. 30,904 crore in December quarter, as compared to Rs. 30,541 crore in September quarter. The revenue and profit numbers were in line with market estimates.
Infosys is set to report earnings for the October-December quarter on Thursday.
Research analyst Simi Bhaumik
shared her trading picks:
Buy Escorts for a target price of Rs 835 with stop loss at Rs 797
Buy Capital First for a target price of Rs 854 with stop loss at Rs 820
Buy Jain Irrigation for a target price of Rs 150 with stop loss at Rs 134Disclaimer: Investors are advised to make their own assessment before acting on the information.