As Indian equity markets gear up for Tuesday’s trading session following a holiday on Monday, a promising gap-up start is anticipated. Gift Nifty is already indicating a surge of over 100 points, quoting at 21,744 levels. Investors are keenly focusing on Q3 results, particularly from major players like ICICI Bank, Kotak Mahindra Bank, Cipla, and others. Additionally, attention will be on December quarter earnings of Axis Bank, Cyient DLM, Havells India, JSW Energy, L&T Housing Finance, Mahanagar Gas, Netweb Technologies, Rallis, Sona Comstar, Tanla Platforms, and Tata Elxsi.
While the domestic market reacts to these developments, global tensions are escalating in the Red Sea area, where the US and the UK have launched joint air attacks on Houthi positions in Yemen, as reported by local news. Early trading in international markets is positive, with the Nikkei up 0.6%, Hang Seng gaining 0.6%, and ASX200 and Kospi adding up to 0.46%. In the US, the Dow Jones Industrial Average and S&P 500 set fresh all-time highs, with the Dow gaining 0.36% and the S&P adding 0.22%, while the Nasdaq Composite advanced 0.32%.
