Markets Live: SGX Nifty Indicates Losses; Infosys, HDFC Bank, Aditya Birla Capital In Focus

Good Morning!

A bout of short-covering led Indian equity markets higher on Tuesday from their lowest in two months.

While banking, auto and metal stocks gained, IT and pharma were the only sectoral laggards. Foreign Investors were net sellers, while some buying was witnessed from domestic investors.

Futures, however, are indicating a negative start to Thursday’s weekly options expiry session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, down 0.74% to 14,665, as of 8:05 a.m.

The street will watch out for any reaction to the fourth-quarter results reported by Infosys Ltd. on Wednesday, a market holiday in India. The stock's American Depository Receipts ended 6% lower overnight.

Asian equities are mixed this morning after stocks on Wall Street eased from their all-time high levels. Stocks in China and Hong Kong fell, while those in Japan and South Korea traded higher.

• Futures on the Dow Jones traded 50 points higher. The index rose 0.15% overnight.

• Bitcoin touched a record high of $64,870 before slipping.

• Yield on the 10-year treasuries stood at 1.64%, while West Texas Intermediate crude fell 0.4% to $62.91 per barrel.