Nifty-Sensex View - 06.02.2020: 09.00 Am
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Pre-Session: Sensex, Nifty set for a flat start; RBI policy eyed
06/02/2020 08:34
Indian benchmark indices are expected to start the day on flat note on Thursday. The Reserve Bank of India's bi-monthly monetary policy review meeting would be the key factor driving the markets today. While investors expect the central bank to hold the repo rate and, possibly, retain the stance as 'accommodative', they would eye the bank's commentary on the growth outlook and inflation going-forward.
That apart, December quarter earnings, update on coronavirus outbreak, crude oil prices, stock-specific movements, and foreign fund flow would steer indices.
On the results front, a total of 135 companies are scheduled to announce their December quarter earnings today including Eicher Motors, Hero MotoCorp, Sun Pharma, and RITES.
On Wednesday, the 30-share benchmark index ended at 41142.66 up by 353.28 points or by 0.87 % and then NSE Nifty was at 12089.15 up by 109.5 points.
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