The S&P 500 and Dow were subdued on Friday as an in-line inflation print signaled continued moderation in price pressures, offsetting the gloomy revenue forecast from Intel. The US Commerce Department’s report showed a moderate rise in the personal consumption expenditure index in December. Read more on The Economic Times.
Equity benchmark indices open positively with Sensex rising 250 points, driven by financial stocks. The BSE Sensex and Nifty climb, but HUL and Reliance Industries shares suffer from their December quarter results. Most financial stocks perform well, while global oil benchmark Brent crude declines. Domestic equity markets are predicted to have subdued activity, with normal trading sessions announced on Saturday.
