Nifty-Sensex View - 04.02.2020: 09.00 Am
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Pre-Session: Positive start likely for benchmark indices on Tuesday
04/02/2020 08:37
Indian benchmark indices are expected to start the day in green on Tuesday. Investors will shift their focus back to corporate earnings, and track the rapidly spreading Wuhan virus to take cues for further direction.
Additionally, the Reserve Bank of India's three-day monetary policy review meeting, that begins today, will be keenly tracked by participants. Markets are pricing-in a status quo in terms of repo-rate on February 6 as inflation continues to mount amid signs of possible recovery.
On the result front, a total of 105 companies are scheduled to report their Q3FY20 numbers on Tuesday, including Bharti Airtel and Titan Company.
Bharti Airtel is likely to report single-digit revenue growth, when it reports results for Q3FY20 today, largely on the back of tariff hikes and growth in average revenue per user.
On Monday, the 30-share benchmark index ended at 39872.31 up by 136.78 points or by 0.34 % and then NSE Nifty was at 11707.9 up by 46.05 points.
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