Around 133 companies will unveil their third quarter earnings on Thursday, with key focus on L&T, Bajaj Finserv, Adani entities, and Tata Consumer Products. Strong growth in earnings is expected for L&T and Tata Consumer, though Tata's profitability may be impacted by rising tea prices.
A 1:2 stock split means that for every 1 share an investor holds, it will be split into 2 shares. This effectively doubles the total number of shares held by shareholders, while the stock's price is halved.
Shares in Japan opened slightly lower, weighing down a gauge of Asian equities despite a small gain for shares in Australia. Many of the regions equity markets including China, South Korea and Taiwan remained closed for the Lunar New Year holiday.
After several months in which inflation data has largely moved sideways, the U.S. central bank dropped from its latest policy statement language saying that inflation "has made progress" towards the Fed's 2% inflation goal, noting only that the pace of price increases "remains elevated."
