Nifty-Sensex View - 12.08.2020: 09.00 Am
Pre-Session: Gap-down opening likely for Sensex, Nifty today
12/08/2020 08:39
The Indian markets are likely to open on a weak note on Wednesday, as signalled by the SGX Nifty. Apart from the global cues, investors may focus on stock-specific developments, especially for the ones declaring their corporate results. Investors will also await the CPI inflation data for July which will be released today.
The index of industrial production contracted by 16.6 per cent in June compared to 33.8 per cent in May, aided by the conditional relaxation in industrial activity leading to a graded pick-up. Investors will await the CPI inflation data for July which will be released today.
Further, Rail-related stocks might trade actively today after the Railways yesterday stated that all regular passenger train services will remain suspended till further notice, although 230 special trains will continue to be in service.
On the result front, a total of 137 companies, including Aurobindo Pharma, Ashok Leyland, and Tata Power are scheduled to announce their June quarter results today. On Tuesday, the 30-share benchmark index ended at 38407.01 up by 224.93 points or by 0.59 % and then NSE Nifty was at 11322.5 up by 52.35 points.
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