Market Ahead, January 10: All you need to know before the Opening Bell


An upswing in the global markets is likely to impact the investors back home today who will also track corporate results, macro data and stock-specific action for further cues.
All eyes will be on Infosys today which is scheduled to announce its December quarter numbers later in the day. The IT service provider is expected to post revenue growth of 0.9 per cent to 2.1 per cent on a sequential basis for the quarter ended December 31. This could mainly be on account of the company’s cross-currency gains and business transfer of Eishtec in Ireland.
On the macroeconomic front, the industrial production data for November will be announced today.
In stock-specific action, Bharti Airtel's fundraising exercise was subscribed by more than three times, garnering pledges of over $10 billion.
YES Bank will also be in focus ahead of today's board meet to consider and approve the right issue of equity shares, issue of warrants and the preferential issue of shares. Read Complete Article

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