Tech Stocks Poised for Volatility as Nikkei, KOSPI, Commodities Move in Conjunction with Infosys Q4 Earnings

Market Sentiment Lifts as US Presidential Ceasefire Extension Announced

US President Donald Trump's announcement of a ceasefire extension lifted market sentiment on Thursday, resulting in both US equities and their Asian peers trading in the green. However, the uncertain future course of events weighed on oil prices, causing volatility in the crude oil market.

Asian Stock Markets Cheer Ceasefire Extension

Asian stock markets in South Korea and Japan reacted positively to the extension of the ceasefire in West Asia. The Kospi Index in South Korea was trading 1.49 percent higher at 6,512.72 points, while Japan's Nikkei 225 Index initially turned red after hitting a record high in early trade but later stabilized. The Hang Seng Index in Hong Kong, however, was trading lower, down 0.88 percent at 25,930.15.

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Indian Equities and Dollar

Indian stock markets, on the other hand, are closely watching the results of Infosys, the country's second-largest IT company, which is set to announce its Q4 results today. The Gift Nifty index is signaling a muted start for Indian benchmark indices, with the Nifty 50 and BSE Sensex likely to witness a subdued opening. The dollar, meanwhile, tumbled near a 1.5-week high on Thursday, impacted by the lack of progress in West Asia peace talks. The euro was fetching $1.1712, its lowest since April 13, and is headed for a 0.4% decline in the week.

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Oil Prices and Gold

Oil prices, however, rose back above the $100-a-barrel mark, with Brent crude surging more than 4 percent before paring gains in early trade on Thursday. Gold, on the other hand, remained below the psychological $5,000-an-ounce mark, with the extension of the Iran-US ceasefire keeping bullion prices steady. Latest trade data showed gold at $4,725 an ounce in global markets, while the price of 24K gold in India was at Rs 1,54,890 per 10 grams.

Key Events to Watch

• Infosys is set to announce its Q4 results for the financial year 2026 today, April 23.
• The Board of Directors of Infosys will meet on April 22-23 to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31.
• The company serves clients in 59 countries and has over 330,000 employees.