The key domestic benchmarks are expected to open on flat note today
tracking a subdued trend in Asian market as Wall Street ended lower on Friday
after reporting disappointing job data for December, signaling a mixed view of
the world’s largest economy. Even, Nifty India stock futures in Singapore were
trading down, indicating a bearish opening of the domestic market. IT stocks
will remain in focus as IT bell weather Infosys on Friday reported better than
expected Q3 earnings numbers. Against expectations of a marginal cut in its
sales forecast, the Bangalore- headquartered software firm maintained its
full-year sales guidance of 7-9 per cent (on constant currency), citing improved
demand for outsourcing services. Meanwhile, Finance Minister Arun Jaitley
expressed confidence that deceleration in growth has bottomed out with the
economy expected to accelerate going forward.
