India stock market indices likely to open weak

  • Jyotindra Dubey, Hindustan Times, New Delhi
  • Updated: Jan 29, 2016 10:07 IST
Major players in the Indian market will announce their Q3 results on Friday, which will set the pace for the next week. (REUTERS)

The domestic Stock market indices are likely to open in red. The overseas stock markets are witnessing a mixed trend. Dow Jones of US closed 125 points or 0.79% up on Thursday.

In the European region all major stock exchanges ended on a weak note. UK’s FTSE 100 ended 0.67% lower, CAC 40 of France ended 1.02% low and Germany’s DAX 30 was down 2.14%.

In Asia, Japan’s Nikkei 225 is currently trading 45 points or 0.29% down and KOSPI from South Korea is 0.6% down. Whereas in China, Shanghai Composite Index is trading 0.7% high and Hang Seng is 0.83% up in current trade.

Rupee closed at 68.11 against US dollar on Thursday.

Back home in India, day is packed with corporate results with more than 100 companies to announce their Q3 results on Friday. The major results to be keenly followed include L&T, Yes Bank, JSW Steel, Siemens, Suzlon, Thermax, TVS Motors amongst others. The results will have a considerable impact on which way markets move in the week ahead.

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