Stock market today: Sensex, Nifty 50 end higher led by IT, metal stocks; Q3 results eyed
Stock market today: Domestic equity benchmark indices, the Sensex and Nifty 50, ended higher on Wednesday’s session ahead of major information technology (IT) Q3 earnings scheduled for tomorrow and the important inflation readings this week that could impact the interest rate outlook.
The 30-share BSE Sensex ended higher by 271.50 points or 0.38% at 71,657.71 level while the Nifty 50 closed at 21,618.70 level, up 73.85 points or 0.34%.
The official start of the earnings season is scheduled for this Thursday with the Q3FY24 quarterly results from Tata Consultancy Services (TCS) and Infosys. On Thursday, the US Consumer Price Index (CPI) for December is expected, and on Friday, the CPI for India for the same month will be released.
Analysts claim that there is no clear directional trend in the market. They anticipate that a trend will show up in the next few days in reaction to the Q3 results.
(more to come)
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Published: 10 Jan 2024, 03:30 PM IST
