Nifty-Sensex View - 10.06.2020: 09.00 Am
Pre-Session: Positive start likely for Sensex, NIfty on Wednesday
10/06/2020 08:36
Domestic equity indices are expected to open higher on Wednesday after the US futures and Asian indices recovered from the morning lows. Investor focus will now shift to the US Fed meet although they will continue to track the Covid-19 updates and corporate results.
Maruti Suzuki is also likely to be in focus today after the automaker said that owing to the lockdown it had to cut production by 97.54 per cent in May 2020 to 3,714 units.
Meanwhile, rating agency India Ratings said the automobile sales may decline by up to 25 per cent in this financial year as compared to 2019-20 due to a complete washout in April and minuscule sales last month.
On the result front, a total of 24 companies including Shriram Transport Finance, Tanla Solutions, Century Textiles are scheduled to announce their March quarter numbers.
On Tuesday, the 30-share benchmark index ended at 33956.69 down by -413.89 points or by -1.2 % and then NSE Nifty was at 10046.65 down by -120.8 points.
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