- January 13, 2023
- Posted by: Bastion team
- Category: World News
Stocks to Watch Today: The markets have a lot of news flow to digest this morning other than the Q3 results. India’s retail inflation eased to a 12-month low in December, while IIP jumped to a 5-month high in November.
That apart, inflation in the US cooled to 6.5 per cent, thus raising hopes of a downshift on rates by the Federal Reserve. Following which, the US markets ended with modest gains up to 0.6 per cent
At 07:20 AM, the SGX Nifty January futures quoted at 17,948 as against the spot Nifty 50 close of 17,858 yesterday.
Meanwhile, following stocks are likely to be in focus in trades on Friday.
Infosys: The IT major reported strong Q3 numbers beating Street estimates on both net profit and revenue. The company’s net profit for Q3FY23 rose 13.4 per cent YoY to Rs 6,586 crore, and was up 9.4 per cent sequentially. Revenue grew 20.2 per cent YoY to Rs 38,318 crore.
Further, the company raised its…