HCL Tech in focus: 10 things you need to know before the opening bell
The World Bank has projected India's economy will grow over 6 percent in 2014-15 and 7.1 percent by 2016-17 as global demand recovers and domestic investment increases.
Global cues
US stocks rose on Wednesday, with the S&P 500 climbing to an all-time closing high after strong earnings from Bank of America and data signaled that the economy was improving. (Reuters)
Asian shares ticked higher on Thursday after a set of robust U.S. data and upbeat earnings from Bank of America helped squash concerns of a slowdown in the world's largest economy following disappointing jobs growth in December.(Reuters)
The euro was steady at $1.3604, having fallen 0.5 percent in the previous session. Against the yen, the greenback was at 104.57 after gaining 0.3 percent overnight. (Reuters)
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Gold was up a tad at $1,242.40 an ounce, stabilizing after having hit a near one-week low of $1,234.10 on Wednesday as the dollar rallied. (Reuters)
More from InvestingUS crude futures added 0.2 percent to $94.33 a barrel, near a two-week high of $94.64 set in the prior day after US government data showed a larger-than-expected drop in inventories. (Reuters)
Stocks in news
TCS, HCL Technologies, as the companies announce October-December results today.
Banking stocks, after WPI inflation for December fell to five-month low raising hopes that the central bank is likely to pause the rate increase cycle. The RBI reviews its monetary policy on 28 January.
Development Credit Bank, after the bank reported good earnings.
Economy
WPI inflation for December hit a 5-month low of 6.16 percent.
The World Bank has projected India's economy will grow over 6 percent in 2014-15 and 7.1 percent by 2016-17 as global demand recovers and domestic investment increases.
