INDIAN BENCHMARKS may open flat, with a positive bias on Friday tracking a mixed trend in stock markets across Asia as traders awaited the crucial US January jobs data set for release today which may offer further cues over the health of the labour market in the world’s biggest economy, and probably dictate the timing of further interest rate tightening by the Federal Reserve that had raised borrowing costs for the first time in almost a decade, in December 2015. SGX Nifty Trading Tips is trading 2.50 points higher.
Headlines for the day:
- Essar Power Hazira earns Rs53 cr sales in December quarter
- Zydus Wellness Q3 net profit at Rs27.2 cr
- Berger Paints Q3 net profit up 37% at Rs101 crore
Global Indices:
- Asian equities were subdued on Friday and the dollar wobbled ahead of the closely watched U.S. jobs report, which could provide clues on the Federal Reserve's monetary policy outlook.
- US stocks rose on Thursday as investors retreated from bets against some of the year’s most beaten-down sectors.
- European shares fell on Thursday as weak U.S. data fed concerns that the world's biggest economy may be slowing down, with export-oriented auto stocks leading the decline and Credit Suisse tumbling after reporting a full-year loss.
RESULT’S ON 4th FEB 2016 : DIVIS LAB, EICHER, LUPIN, SOBHA, PTC, RADICO, CADILA
Trend in FII flows:
The FIIs were net sellers of Rs -195.92 Cr in the cash segment on Thursday while the DIIs were net buyers of Rs 476.44 Cr, as per the provisional figures released by the NSE.
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