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Indian markets could open lower, following largely negative Asian markets today and flat US markets on Wednesday - HDFC Securities 

U.S. stocks closed mixed, though the Dow eked out a new all-time high, after Federal Reserve Chairman Jerome Powell said he remained focused on getting Americans back to work and downplayed the risk of runaway inflation. A report on U.S. inflation also showed investors have little to worry about, for now, giving a brief boost to stocks in early trade.

The U.S. consumer price index rose 0.3% in January as expected, after climbing 0.4% a month earlier. Stocks were flat in early trading in Asia on Thursday as investors kept tapping the brakes on runs in asset prices after taking in tepid U.S. inflation data and comments from the Federal Reserve chief affirming the outlook for a slow recovery.

Multiple major markets in Asia are closed for holidays including in China, Japan, South Korea and Taiwan. Indian equity benchmark indices ended mildly lower after a volatile session on Feb 10. At close, the Nifty was down 2.80 points or 0.02% at 15,106.50.

Nifty after falling initially, recovered in the afternoon on Feb 10 and closed near the intra day highs. One day up - one day down phenomenon makes it tough to anticipate the near term trend. Advance decline ratio has now become almost equal suggesting equality in bull and bear pressures. 15168-15257 band could provide resistance to the Nifty while 14950-14977 could be the support band.

Govt to sell 20% stake in National Fertilizers Ltd through OFS:

The central government has decided to sell 20% stake in National Fertilizers Ltd (NFL) through an offer for sale. The Department of Investment and Public Asset Management (DIPAM) has invited tenders from merchant banks for the sale process.

IRB Infrastructure Developers to raise up to Rs 2,200 crore via NCD issue:

IRB Infrastructure Developers will raise up to Rs 2,220 crore through issuance of non-convertible debentures. The company has entered into a definitive agreement with India Toll Roads - Foreign Portfolio Investor, for raising of funds by issuance of nonconvertible debentures up to Rs 2,220 crore subject to satisfactory completion of procedural conditions

SIS to consider buyback of equity shares on Feb 15:

Board of directors meeting of the company will be held on February 15, 2021, to consider and approve a proposal for buyback of the equity shares of the company. Promoters’ hold 73.34% stake in the company as on Dec-2020

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