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Domestic equity markets continued to inch higher on Thursday, despite witnessing some turbulence along the way. S&P BSE Sensex now sits at 48,803 mark while the Nifty 50 index is up at 14,581. On Friday morning, SGX Nifty was trading in the negative, hinting at a gap-down start for equity markets. Meanwhile, global cues were largely positive.
Asian peers were seen trading mixed in Friday morning trade with Japan’ Nikkei 225 rising 0.12 per cent while the Topix index fell 0.1 per cent. South Korea’s Kospi was marginally lower. Australia’s ASX 200 declined 0.12 per cent.
The Dow industrials closed above 34,000 for the first time on Thursday as the blue-chip benchmark and S&P 500 posted fresh record highs on a tech stock rally fueled by falling bond yields and strong March US retail sales, according to Reuters. The Dow Jones Industrial Average 0.9 per cent, the S&P 500 gained 1.11 per cent, and the Nasdaq Composite added 1.31 per cent.
The benchmark 10-year Treasury yield slipped below 1.6 per cent for the first time since March 25.
Wipro, which gets a bulk of its topline from IT services, said it expects revenues from that unit to be in the range of USD 2,195 to USD 2,238 million in the June 2021 quarter. This translates into a sequential growth of 2-4 per cent.