Stock Market Today: According to weak signals from GIFT Nifty index, domestic stock markets may open with a decline on Thursday (January 23). At 7:30 am, GIFT Nifty future was trading 63 points lower at 23,136.
Apart from this, investors will respond to the third quarter results of HDFC Bank and Hindustan Unilever (HUL) today and will keep an eye on the quarterly results of other companies coming on Thursday.
Meanwhile, benchmark stock market indices Sensex and Nifty closed the day higher on Wednesday. Private bank stocks got a boost from HDFC Bank’s third quarter data. Also, the market got support from the rise in IT stocks.
How was the market on Wednesday?
BSE Sensex closed at 76,405 with a gain of 567 points (0.75 percent) and Nifty closed at 23,155 with a gain of 131 points (0.57 percent). However, Nifty Midcap index and Smallcap index fell by 1.34 per cent and 1.63 per cent respectively.
Today’s trigger points
Third quarter results of domestic companies, attitude of foreign investors, weekly F&O Nifty expiry and signals from global markets will decide the direction of the market today.
Q3 results of these companies today
59 companies including Adani Energy Solutions, Adani Green, Amber Enterprises, Cyient, Dr Reddy’s Labs, Greaves Cotton, HPCL, Mankind Pharma, Mphasis, Spandana Sphurti, Suryoday Small Finance Bank, Ujjivan SFB, UltraTech Cement and United Spirits on Thursday (January 23) Will announce its third quarter results on.