Nifty-Sensex View - 22.07.2020: 09.00 Am
Pre-Session: Sensex, Nifty likely to open flat on Wednesday
22/07/2020 08:39
Indian benchmark indices are expected to start the day on a negative note on Wednesday as indicated by the SGX Nifty.
On Tuesday, FMCG major HUL reported a mixed set of numbers for the quarter ended June 30, 2020 (Q1), aided in part by its merger with GSK Consumer on April 1 while private sector lender Axis Bank reported a 31.29 per cent year-on-year drop in profit before tax for the first quarter ended June 30 on higher provisions booked in the current quarter, and also due to moving towards a more conservative mode of accounting.
Today as many as 39 companies are expected to report their June quarter results including names such as Bajaj Auto, L&T, and Rallis India.
On Tuesday, the 30-share benchmark index ended at 37930.33 up by 511.34 points or by 1.37 % and then NSE Nifty was at 11162.25 up by 140.05 points.
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