may hit fresh record highs at open on strong Q3 earnings, and on report that the government will start coronavirus vaccine roll out later this week. At 8:00 AM, the
was ruling 60 points higher at 14,436 levels.
Market participants will react to the Q3 numbers reported by IT major Tata Consultancy Services whose profit jumped 7 per cent YoY in the December quarter to Rs 8,701 crore. Shares of Avenue Supermarts are likely to be in focus too as the firm posted a 16 per cent jump in profit. Eight mid- and small-cap firms are scheduled to announce their December quarter numbers today.
Asian shares took a breather as “trillions” in new US fiscal stimulus plans were set to be unveiled this week, stoking a global reflation trade. S&P 500 futures slid 0.5 per cent, Australia’s S&P/ASX 200 index fell 0.6 per cent while South Korea’s Kospi index advanced 2.7 per cent.
(With inputs from Reuters)