Gift Nifty was trading around 23,322 level, a discount of nearly 55 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.

Stock Market in India are likely to open on a cautious note today, following mixed global cues as investors focus on companies reporting December quarter results

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 23,311.80, while Sensex ended at 77,042.82. Overnight, Wall Street indices ended lower. Asian stocks were also in the red in early trade today.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,325 level, a discount of nearly 52 points from the Nifty futures’ previous close.

Infosys, Axis Bank, Kotak Mahindra Bank, M&M and TCS were among the major losers on the Sensex, while Zomato, Reliance Industries, Nestle India, Tata Steel and Asian Paints emerged as the top gainers

Stock Market in India are likely to open on a cautious note today, following mixed global cues as investors focus on companies reporting December quarter results

The Nifty moved within a range and ended higher for the second consecutive day on Wednesday. Experts believe that the US CPI and retail sales data, along with the ongoing Q3 earnings reports, will be the main factors influencing the market in the short term.

The fall in IT stocks was a result of Infosys’ shares falling over 5.3% after the company reported its Q3 results yesterday. The drop, however, came as a surprise as the company raised its revenue forecast.

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

The Sensex slipped 423.49 points, or 0.55%, to close at 76,619.33. Likewise, Nifty 50 declined 108.60 points, or 0.47%, to end at 23.203.20.