Stock Market Today: Sensex, Nifty ready to trade amid upbeat global trends; SGX Nifty in green

Stock Market Today: Positive US inflation data released on Thursday was exactly what Wall Street needed to cheer. All three major indices closed higher, with the Dow 30 reaching a milestone of 200 points to close at 34,190, up 216.96 points or 0.64 percent. Nikkei, however, was shaken by an early-morning Japanese development. The Bank of Japan's move to purchase bonds worth 1.40 lakh crore yen on Friday caused this Asian index to tremble. Before the opening of the Indian financial markets, the Nikkei 225 was trading 170 points, or 0.64 percent, lower at 26281.30.

Stock Market Today: Asian Markets

Around this time, trade was positive on the Shanghai Composite in China, the Hang Seng in Hong Kong, and the Kospi in South Korea.

Dow Futures were trading at 34,169.90, down 20.10 points or 0.6%, while the Singapore-listed SGX Nifty, a leading predictor of movement in the Nifty50, was trading at 17,957, up 39 points or 0.22 percent.

Indian markets will resume trading

Despite a variety of regional and international variables, Indian markets will resume trade. Lower December CPI statistics and a weaker dollar index are likely to act as positive triggers.

Wipro will announce its quarterly earnings today

Expect stock-specific action in HCL Technologies and Infosys, which reported third-quarter results in October and December that exceeded analysts' expectations. These companies are likely to influence market movement. Today, Wipro will release its quarterly financial results. L&T Finance Holdings will report Q3 earnings in the F&O segment, and Anup Engineering, Aditya Birla Money, Just Dial, and Heritage Foods will report Q3 earnings in the cash segment.

Stock Market Today: Dollar Index

Dollar index decline is anticipated to help the metals industry. It is now trading at a 7-month low, under 102, against a basket of six major currencies. Crude oil is at a week high while gold is at a 9-month high above USD 1,900.

Also Read: Jeep to launch a new SUV in the Indian market? The car may compete with Hyundai Creta, What we know so far

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