Nifty-Sensex View - 06.08.2020: 09.00 Am
Pre-Session: Markets likely to open flat; RBI policy decision eyed
06/08/2020 08:33
Indian benchmark indices likely to open flat today ahead of the monetary policy decision by the Reserve Bank of India (RBI) due later in the day. According to Bank of America Merrill Lynch (BofA), the central bank may opt for a 25 basis point cut in the repo rate. BofA says the RBI will not only cut rates now but will follow it up with another 75 bps cut in the rest of the financial year 2020-21 (FY21).
On the result front, Lupin, HPCL, Adani Enterprises, Adani Power, Vodafone Idea, Apar Industries, BASF India, Bayer Cropscience, Blue Star, Dalmia Bharat, Deepak Nitrite, Embassy Office Parks REIT, Gujarat Pipavav Port, Gujarat State Petronet, HCL Infosystems, Honeywell Automation, Indian Hotels, JK Tyre, Lemon Tree Hotels, Matrimony.com, Novartis India, Pidilite Industries, Talbros Engineering, TD Power Systems, Torrent Power, Whirlpool of India, etc. are set announce their earning numbers today.
On Wednesday, the 30-share benchmark index ended at 37663.33 down by -24.58 points or by -0.07 % and then NSE Nifty was at 11101.65 up by 6.4 points.
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