The key domestic benchmarks are likely to open higher today tracking a
mostly positive trend in Asian markets and a strong finish at Wall Street
overnight as a rebound in oil prices and speculation that the US Federal Reserve
may refrain from raising interest rates until at least end April as signaled by
the FOMC minutes released yesterday boosted sentiment in equities. China’s
Shanghai Composite plunged after investors booked profits following a recent
rally. Hang Seng rose while Japan’s Nikkei 225 jumped as a weaker yen boosted
the appeal of exporter stocks. A dip in Euro area consumer prices last month
also boosted hopes that the European Central Bank (ECB) may kick-start QE soon.
Back home, all eyes will be on the Q3 corporate earnings season with IT
bellwether Infosys set to unveil its results for the December quarter tomorrow.
