Last Updated: January 13, 2023, 09:27 IST
Sensex Today: BSE Sensex, NSE Nifty opened on a tepid note on Friday morning. Mixed trade in Asia, coupled with a bump in crude oil prices, may keep gains in check on the bourses today.
Investors will react to solid earnings by Infosys and HCL Technologies in the early hours of trade on Friday. Besides, sentiment will also be aided by cooler-than-expected retail inflation data, for the month of December, in India and the US.
Asian stocks rose on Friday as investors cheered a slowdown in US inflation, while the yen hit seven-month high and Japanese bond yields broke above the central bank’s target as markets challenged Tokyo’s commitment to loose monetary policy.
Tokyo stocks opened lower Friday, as a stronger yen against the dollar weighed on market sentiment despite Wall Street gains following data that showed softening US inflation. The benchmark Nikkei 225 index was down 0.35 per cent, or 93.13 points, at 26,356.69 in early trade, while the broader Topix index slipped 0.10 per cent, or 2.00 points, to 1,906.18.
US stocks closed higher on Thursday, extending recent gains as data showing a fall in consumer prices in December bolstered expectations of less aggressive interest rate hikes from the Federal Reserve.
Oil prices slipped in early trade on Friday but were on track for gains of more than 6 per cent for the week on solid signs of demand growth in top crude oil importer China and expectations of less aggressive interest rate hikes in the United States.
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