By Malvika Gurung
Investing.com -- The domestic market made a marginally positive opening on Thursday despite Wall Street ending with sharp gains in the overnight session ahead of the US CPI data due today.
A slew of data is set to release on Thursday in both domestic and US markets, which will set the tone for rate hike expectations by corresponding central banks.
The US Bureau of Labor Statistics will release the annual consumer prices data for December 2022. The reading stood at 7.1% YoY in the previous month. Analysts expect the reading to retreat further in December, reducing the chances of an aggressive Fed rate hike ahead.
India will release its retail inflation figure as measured by CPI for the month of December 2022 on Thursday. Economists expect the figure to remain steady in the month, compared to an eleven-month low of 5.88% in November 2022.
Infosys Q3 FY23
The IT behemoth Infosys (NS: INFY ) will release its earnings result for the quarter ended December 2022 on Thursday, likely to post strong double-digit growth in topline and bottomline figures on a YoY basis on the back of a healthy deal pipeline.
Other companies set to release their Q3 results on Thursday include the IT giant HCL Technologies (NS: HCLT ), Anand Rathi Wealth (BO: ANAA ), GM Breweries (NS: GMBR ), Cyient (NS: CYIE ), GTPL Hathway (NS: GTPH ), Den Networks (NS: DENN ), Plastiblends (NS: PLST ) India and G G Engineering (BO: GGEN ).
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