Indian stock market on Thursday is expected to be volatile. SGX Nifty, which indicates the movement for Indian equities, suggests a negative opening.
IT giant Tata Consultancy Services Ltd (TCS) will be in focus today as it will announce financial results for the March quarter and financial year 2020.
Most Asian shares fell in early deals today, while bonds and the US dollar held on to hefty gains, after a covid-19-driven plunge in US retail sales and factory production.
Rising gloomy economic outlooks for Asia added to the negative sentiment. US retail sales dropped the most on record last month, while manufacturing output fell the most in 74 years, raising fears of deep recession.