: Benchmark indices look set to return to their winning ways after five days of relentless bear hammering, tracking firm cues from global peers. Meanwhile, investors would also react to the
that will be tabled in the Parliament today, Q3 numbers and stock-specific triggers as the session would progress.
As per a Bloomberg report, India is predicting that the economy will expand 11 per cent in the year starting April on hopes that vaccine roll out will contain the pandemic, while low-interest rates and measures to lure investment will spur business activity.
Cipla, Dabur, Tata Motors, Tech Mahindra, IndusInd Bank, DRL and Tata Motors are among 27 firms set to post their December quarter numbers today. Tech Mahindra will post a muted growth in its December quarter profit and revenue on a sequential basis, believe analysts. However, on a yearly basis, both figures are expected to decline. READ MORE
In the overnight session, US stocks closed higher, bouncing from sharp losses in the prior session, thanks to a broad rally as earnings season got off to a strong start and fears lessened around hedge funds selling long positions to cover shorts. A surprise drop in jobless claims also boosted the sentiment.
The Dow Jones Industrial Average rose 0.99 per cent, the S&P 500 gained 0.98 per cent, and the Nasdaq Composite added 0.5 per cent.
(With inputs from Reuters)