Nifty-Sensex View - 17.07.2020: 09.00 Am
Pre-Session: Positive start likely for Sensex, Nifty on Friday
17/07/2020 08:33
Domestic bourses are expected to start the day in green on Friday. However, mixed-to-weak global cues, a worrying milestone on the Covid front, and Icra's warning of a greater contraction in the Indian economy might cap the gains.
Besides, investors will focus on corporate results for stock-specific moves while keeping track of oil's movement and the Rupee's trajectory.
Credit rating agency Icra has sharply revised its forecast on the contraction in the Indian economy to 9.5 per cent for FY21 from its earlier assessment of five per cent.
On the results front, a total of 32 companies including Britannia Industries, HCL Tech, and ICICI Lombard are scheduled to announce their quarterly results.
On Thursday, the 30-share benchmark index ended at 36471.68 up by 419.87 points or by 1.16 % and then NSE Nifty was at 10739.95 up by 121.75 points.
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