markets will take cues from the third quarter earnings season, which will be kick-started by TCS and Infosys on January 11. HCL Tech, Wipro, and HDFC Life and a few others will also announce their results this week.
«Overall we expect markets to remain in a positive range. Stock-specific action will gather pace with the start of the earning season,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
US stocks up
U.S. stock indexes endured a topsy-turvy session on Friday but ultimately closed marginally higher, as investors absorbed the latest macroeconomic data which offered contrasting views on when interest rate cuts may begin.
Stocks in F&O ban today
1) India Cements
2) Balrampur Chini Mills
3) Delta Corp
4) IEX
5) ZEE
6) SAIL
7) Nalco
8) Chambal Fertilisers
9) Piramal Enterprises
10) Escorts
11) GNFC
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
FII/DII action
FPIs remain net buyers on Friday at Rs 1,696 crore. DIIs sold shares worth Rs 3,497 crore. During the week, foreign investors have net pumped in about Rs 4,300 crore.
Rupee
The rupee gained 9 paise to close at 83.15