Updated at 8:20 AM
Live market updates: Indian stocks look set to end the 3-day losing streak if indications are given SGX Nifty they are all to follow. At 8:17 am the index was at 17,973 levels, an increase of 47 points.
This comes amid positive insights from Asian peers. Nikkei and Hang Seng were up 0.9 percent and 0.7 percent respectively. Kospi was up 1.3%, while Taiwan and Straits Times gained 0.3% and 0.2% each. The Chinese Shanghai Composite, however, what a dish.
During the night, however, the USA markets it ended on a mixed note. The S&P 500 and Nasdaq were up 0.1% and 0.5%, respectively. The Dow Jones, on the other hand, fell 0.4 percent.
At home, data on industrial and manufacturing production along with inflation numbers could dictate the market trend on Friday.
Earnings to watch
Amaraja Batteries, Apollo Hospitals, Ashok Leyland, Bajaj Electricals, Bharat Forge, Coal India, Coffee Day, Deepak Fertilizers, Finolex Cables, Fortis Healthcare, Glenmark Pharma, GMR Infra, Grasim, Hero MotoCorp, Hindalco, Vodafone Idea, JP Associates, National Aluminum, ONGC, Reliance Capital, SpiceJet, Suzlon, and Thomas Cook are some of the prominent companies scheduled to report earnings today.
Primary market update
Latent View Analytics was subscribed 23 times at the end of day 2 of the issue, with the retail share having been subscribed 70 times. Meanwhile, Sapphire Foods’ IPO closed with a total subscription of 6.6 times.