MARKET LIVE: Indices may start weak; Pharma stocks, Nestle in focus

MARKET LIVE: Indices may start weak; Pharma stocks, Nestle in focus
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look poised to open on a gap-down note on Thursday as a record spike in Covid-19 cases in the country is likely to keep investors on edge. However, market bulls could take heart from strong global cues and the recent ramp-up in vaccine drive announced by the country. High volatility could also mark the session amid weekly F&O expiry.

At 8.00 am, adjusted was ruling over 100 points lower at 14,180 vs Tuesday’s close of 14,290. D-Street was closed for trading on Wednesday on account of Ram Navami.

Earnings today


Cyient, Tata Elxsi and 10 other companies will release their quarterly earnings on April 22.


Global cues
rebounded in overnight session after a two-day decline in a broad rally as a tilt toward stocks poised to benefit from a recovering economy offset Netflix Inc’s sell-off after its disappointing results a day earlier.


The Nasdaq Composite added 1.19%, the Dow Jones Industrial Average rose 0.93% while the S&P 500 also gained 0.93%.


Tracking firm cues from US markets, Asia stocks bounced. Japan’s Topix index rose 1.4%, Australia’s S&P/ASX 200 Index added 0.1% and the Kospi index rose 0.5%.





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