Indian shares may open higher on Thursday tracking global shares that were largely firm. Though US inflation was at its highest in decades, it largely met economists’ expectations, cooling some fears that the Federal Reserve would have to pull back support even more forcibly than already expected.
Biden imposes first sanctions over North Korea weapons program after missile tests
The Biden administration on Wednesday imposed its first sanctions over North Korea’s weapons programs following a series of North Korean missile launches, including two since last week.
The sanctions targeted six North Koreans, one Russian and a Russian firm Washington said were responsible for procuring goods for the programs from Russia and China.
The U.S. Treasury said the steps aimed both to prevent the advancement of North Korea’s programs and to impede its attempts to proliferate weapons technologies. (Reuters)
Stocks to Watch: TCS, Infosys, Wipro, Tata Motors, Kotak Mahindra Bank
Besides the ten companies, shares of firms like Tata Metaliks, GTPL Hathway, CESC and Mindtree will be in focus as they announced their December quarter earnings today
Asia stocks mixed
Asia stocks were mixed Thursday. Nikkei index fell 0.37%; Australia’s S&P/ASX 200 Index rose 0.6%; Hang Seng Index rose 0.4%; Kospi index and Shanghai Composite Index was little changed
US stocks rise overnight
US stock indexes rose on Wednesday after data showed that while US inflation was at its highest in decades, it largely met economists’ expectations, cooling some fears that the Federal Reserve would have to pull back support even more forcibly than already expected.
The Dow Jones Industrial Average rose 38.3 points, or 0.11%, to 36,290.32, the S&P 500 gained 13.28 points, or 0.28%, to 4,726.35 and the Nasdaq Composite added 34.94 points, or 0.23%, to 15,188.39.
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