Nifty-Sensex View - 28.07.2020: 09.00 Am
Pre-Session: Domestic bourses set for positive opening; Tech Mahindra in focus
28/07/2020 08:35
Indian markets are expected to start the day on positive note today on the back of favourable global cues. Besides, investors will also track Covid-19 trends, corporate results, and stock-specific developments for market trend.
On the results front, investors will first react to IT services firm Tech Mahindra's numbers in which it reported Rs 972 crore in consolidated net profit for June quarter. The figure was 20.9 per cent higher sequentially although on a year-on-year basis it remained flat. Revenue stood at Rs 9,106 crore, up 5.2 per cent YoY, even as it declined 4 per cent sequentially.
Besides, a total of 132 companies, including UltraTech Cement, Nestle India, and IDBI Bank, are scheduled to announce their results today.
On Monday, the 30-share benchmark index ended at 37934.73 down by -194.17 points or by -0.51 % and then NSE Nifty was at 11131.8 down by -62.35 points.
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