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Indian equity benchmarks likely to get a cautious start amid mixed cues from Asian counterparts and positive cues from Wall Street overnight. Investors will be closely watching Q3 earnings from major companies including HPCL, UltraTech Cement, Indus Towers Dr Reddy’s and United Spirits among others.

Some of the key factors to be watched:

Sustained foreign fund outflows to dent domestic sentiments: The Foreign institutional investors (FIIs) extended their selling on the 14th day as they offloaded equities worth Rs 4,026 crore on January 22.

India's hiring activity rose in December: A private report indicated that India's hiring activity rose 31 per cent in December, driven by consumer electronics, manufacturing, and construction and engineering sectors.

Indian companies’ investments increase in current financial year: A State Bank of India (SBI) report noted that during the first nine months of the current financial year, Indian companies announced investments of over Rs 32 trillion, a 39 per cent increase compared to Rs 23 trillion in the same period of the previous financial year, with private sector contributions rising to 70 per cent.

India emerged as the most trusted place: Union minister Ashwini Vaishnaw said India has emerged as the most trusted place amid disruptions across the word. He said that global investors and leaders are convinced about India's potential.

Aviation industry stocks will be in focus: The data released by the Directorate General of Civil Aviation (DGCA) showed that the domestic air passenger traffic increased by 6.12 per cent on-year in 2024 to 161.3 million. In 2023, the number of domestic air passengers stood at 152 million. 

On the global front, The US markets ended higher on Wednesday as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan. Asian markets are trading mixed on Thursday as investors reacted to a range of economic data from the region.

Back home, Indian markets managed to garner gains on Wednesday, with both Sensex and Nifty ending over half a percent higher, driven by strength in technology stocks. Finally, the BSE Sensex surged 566.63 points or 0.75 % to 76,404.99, and the CNX Nifty was up by 130.70 points or 0.57% to 23,155.35.    

Some of the important factors for the markets:

Boost to domestic manufacturing aided sentiments: The government has disbursed Rs 1,596 crore under Production-Linked Incentive (PLI) schemes for six sectors, including electronics and pharma, during the April-September this fiscal.

EPFO adds 14.63 lakh net members in November: Employees' Provident Fund Organisation in its ‘Provisional payroll data’ report showed that 14.63 lakh net members have been added in the month of November 2024, an increase of 9.07% as compared to the previous month of October 2024.

HDFC Bank turned out to be a key driver for the recovery: The bank, on consolidated basis, reported 2.31% rise in its net profit at Rs 17656.61 crore for the quarter ended December 31, 2024 as compared to Rs 17257.87 crore for the same quarter in the previous year.

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