Mute Markets: Traders Await Wipro, Gail India Earnings Results

23/07/2015 11:30 AM IST | Updated 15/07/2016 8:25 AM IST

Stock markets have opened timorously with the Sensex down 9.92 points at 28495.01, and the Nifty is down 5.20 points at 8628.30.

Though the markets impressed with a nearly 322-point gain on Wednesday, investors await earnings by key companies such as Wipro, Lupin, GAIL India and Bajaj Auto. Wipro is particularly exciting, given Infosys' impressive earnings earlier this week.

The Indian rupee slipped 6 paise in the early trade on Thursday at 63.64 per dollar versus 63.58 Wednesday.

The Financial Express says that traders on Thursday will be most encouraged by reports of Foreign direct investment (FDI) in the country rising to a four-month high of $3.85 billion in May 2015, a year-on-year gain of 7%.

Wednesday's rally that posted a nearly 1.2% rise in value was buoyed, among other things by the Rajya Sabha-committee's approval of theGoods and Services Tax (GST), investor confidence in Reliance India Limited and renewed confidence in Sun Pharma, both of which haemorrhaged earlier this week.

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