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
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