The domestic stock markets have opened on a subdued note this morning, after coming off life-time highs in the previous trading session. At 9:20 am, the Sensex was at 49,432.65, lower by 58 points or 0.12 per cent and the Nifty was at 14544.80, down 25 points or 0.16 per cent.
Asian equities made early trading gains on Thursday after a mixed session at Wall Street buoyed by expectations of a U.S.stimulus package even as political events in Washington culminated in the impeachment of President Donald Trump.
Australian S&P/ASX 200 futures rose 0.21 per cent in early trading, while Hong Kong’s Hang Seng index futures rose 0.23 per cent.
Overnight, Wall Street’s benchmark S&P 500 index closed slightly higher on Wednesday, with defensive sectors leading gains as investors waited for details of the next U.S. fiscal stimulus plan and Congress began President Donald Trump’s impeachment hearings.
The Dow Jones Industrial Average fell 8.22 points, or 0.03 per cent, to 31,060.47, the S&P 500 gained 8.65 points, or 0.23 per cent, to 3,809.84 and Nasdaq Composite added 56.52 points, or 0.43 per cent, to 13,128.95.
On the earnings front, Infosys reported a 16.6 per cent rise in the October-December quarter profit and raised its annual revenue growth forecast, post market hours on Wednesday. The Bengaluru-based company’s consolidated net profit climbed to Rs 5,197 crore from Rs 4,457 crore a year earlier, beating street estimates.