Infosys, Wipro Earnings Test Strained Investor Sentiment For IT Sector

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:

Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Indian stocks look primed for another cheerful session as President Donald Trump’s comments that Prime Minister Narendra Modi pledged to stop Russian oil purchases help smooth relations between Washington and New Delhi, brightening investor sentiment. Adding to the positive mood are gains across key Asian markets and a rebound in the rupee on Wednesday, likely supported by central bank action. On the earnings front, all eyes are now on the remaining two of India’s Big Four IT giants — Wipro and Infosys — as investors await their results.