Nifty on the weekly chart formed a small bullish candle with minor upper and lower shadows. Technically, this weekly market action signals the formation of a type of candle pattern. Normally a doji pattern after a reasonable weakness could be an impending reversal signal post-confirmation.

Stock Market in India are likely to open on a cautious note today, following mixed global cues as investors focus on companies reporting December quarter results

Infosys, Axis Bank, Kotak Mahindra Bank, M&M and TCS were among the major losers on the Sensex, while Zomato, Reliance Industries, Nestle India, Tata Steel and Asian Paints emerged as the top gainers

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:

Stock Market in India are likely to open on a cautious note today, following mixed global cues as investors focus on companies reporting December quarter results

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,325 level, a discount of nearly 52 points from the Nifty futures’ previous close.

In another rangebound session, the Indian market closed on a positive note, extending its winning streak for the third consecutive day on Thursday, driven by positive cues such as the Gaza ceasefire deal,

The BSE Sensex rose 318.74 points, or 0.42%, to 77,042.82. Likewise, Nifty 50 gained 98.60 points, or 0.42%, to 23,311.80.