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As investors prepare for important economic data and a new batch of earnings after a turbulent start to February, US equities futures were slightly higher early on Sunday, February 8.

The Indian IT stocks will be in focus today as they will react to Wall Street action, as the Nasdaq Composite index saw its largest one-day increase since November, closing the previous session 2.18% higher at 23,032.21. On Friday, investors purchased US tech shares, especially those in semiconductors.

In the previous week, these stocks were under pressure as Infosys shares tumbled over 8%, while TCS was down 7%; HCLTech and Tech Mahindra tumbled as much as 6%. Wipro shares also slid around 5%.

The shares of Nikkei 225 surged over 5% after the new incumbent Japanese PM Takaichi scored a major win in a snap election that she called after months of being in the office.

GIFT Nifty trades higher, indicating a gap-up start for the Indian market, trading at a premium of over 220 pts from Nifty Fut Friday’s close; Japan’s Nikkei 225 skyrockets over 5% to hit a record high as PM Takaichi secures a historic mandate.

Groww, Ceigall India, PineLabs, Unicommerce eSolutions, Emvee Photovoltaic Power, Physicswallah, and JSW Cement will all have their outstanding equity available for trading this week.

Some of the stocks to watch out for the day include Tata Motors, Bharat Forge, Aurobindo Pharma, IDBI Bank and more.

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The trend seems to be upward, with every fall over the last two sessions being bought into, even if the Nifty is still more than 650 points off the high of 26,341 set last Tuesday.

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