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Indian markets are likely to start the day in the green following gains in Asian peers. At 8:25 am, the SGX Nifty was trading 32 points or 0.2 percent higher around 17,588, indicting a flat but positive start for the Indian indices. Investors awaited more of quarterly results from India Inc for cues

The Indian markets snapped a three-session winning streak on Thursday dragged by weakness in financial and IT stocks. The 30-scrip Sensex ended 770 points lower at 58,788 while the Nifty50 index fell 220 points to settle at 17,560.

<h2>Let's take a look at some key market cues before the market opens today:</h2>US Markets

Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech. The Dow Jones Industrial Average fell 518.17 points, or 1.45 percent, to 35,111.16, the S&amp;P 500 lost 111.94 points, or 2.44 percent, to 4,477.44 and the Nasdaq Composite dropped 538.73 points, or 3.74 percent, to 13,878.82.

Equities in other Asian markets rose on Friday despite a fall on Wall Street overnight after a dire forecast by Facebook. MSCI's broadest index of Asia Pacific shares outside Japan was up 0.9 percent at the last count. Japan's Nikkei 225 was up 0.4 percent, Hong Kong's Hang Seng 2.3 percent and South Korea's KOSPI 0.9 percent. Singapore's Straits Times was up 0.2 percent. The China market remained shut for the Lunar New Year holidays.

Oil prices climbed on Friday, extending sharp gains in the previous session as frigid weather swept across large swathes of the United States, threatening to further disrupt oil supplies. Brent crude rose 34 cents, or 0.4 percent, to $91.45 a barrel by 0206 GMT, after rising $1.16 on Thursday. U.S. West Texas Intermediate crude rose 46 cents, or 0.5 percent, to $90.73 a barrel, having gained $2.01 cents the previous day to settle above $90 for the first time since Oct. 6, 2014.

At 8:25 am, the SGX Nifty was trading 32 points or 0.18 percent higher around 17,588, indicating a green start for the Indian indices.

The rupee declined 5 paise to close at 74.88 (provisional) against the US dollar on Thursday, weighed down by the strength of the American currency and muted domestic equities.

Gold prices were trading flat in India on Thursday, on the back of muted global cues. On Multi Commodity Exchange, gold April futures were trading ₹32 down at ₹48,052 per 10 gram.

Major firms like Tata Steel, InterGlobe Aviation, One 97 Communications, Aditya Birla Fashion, Shree Cement, Bank of India, Siemens, Alkem Laboratories, Devyani International, etc will report their December quarter earnings today.

Meta stock falls 26%

Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc's stock marked a record one-day plunge following a disappointing earnings forecast that shook the global tech landscape. Meta's stock fell 26%, erasing more than $200 billion in the biggest ever single-day market value wipeout for a US company. That pulled down founder and Chief Executive Officer Zuckerberg's net worth to $85 billion, according to Forbes.

Depositories data shows foreign institutional investors (FIIs) net sold Indian equities worth ₹1,597.5 crore on Thursday. Net sales by domestic institutional investors (DIIs) stood at ₹370.6 crore

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Let's take a look at some key market cues before the market opens today.

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However, in spite of the impeccable quarter, brokerage house HDFC Securities have 'sell' calls on 2 retailers - TCNS Clothing and Bata India. This comes even after both these firms posted robust earnings in Q1.

Gold declines by ₹53; silver slips to ₹256

Gold in the national capital on Wednesday slipped ₹53 to ₹52,340 per 10 grams. Silver also declined ₹256 to ₹57,957 per kg from ₹58,213 per kg in the previous trade.

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