GIFT Nifty indicates a flat to negative opening for the Indian stock market.
* US markets showed mixed performance, while Asian markets experienced a decline.
* Market sentiment appears cautious as investors await further economic indicators.
* Equity indices experienced a slight decline as investors remained cautious ahead of the earnings season, influenced by lower economic growth projections.
Quadrant Future Tek’s IPO has shown robust demand, being subscribed 48.95 times on the second day of bidding.
* The IPO is open for bidding from January 7 to January 9, with a price band set between ₹275 and ₹290 per share.
Standard Glass Lining IPO share allotment is expected to be finalized today or tomorrow, with shares projected to list on January 13.
* The IPO received a strong response with a subscription of 183 times, indicating high investor interest.
* TCS is set to announce its Q3 earnings today, with expected revenue growth between 5.2% and 6.4% year-on-year, and a projected PAT growth of 8.1%.
* The U.S. dollar has strengthened due to rising Treasury yields, putting pressure on the yen, euro, and pound, which are near multi-month lows.
* Market focus is on President-elect Donald Trump’s potential economic policies, including universal tariffs, which could impact growth and inflation.
