Nifty-Sensex View - 13.08.2020: 09.00 Am
Pre-Session: Positive start likely for Sensex, Nifty today
13/08/2020 08:39
Domestic bourses are expected to start the day in green on Thursday on the back of firm global cues. Besides, corporate results and stock-specific developments will continue to remain the other major triggers.
Ashok Leyland yesterday reported a consolidated net loss of Rs 388.82 crore for the quarter ended June 30, owing to the coronavirus pandemic. Revenue from operations in the quarter significantly declined to Rs 1,486 crore as compared with Rs 6,588 crore in the year-ago period.
Today, a total of 178 companies including Hero MotoCorp, Eicher Motors, and BPCL are scheduled to announce their June quarter results. Analysts expect Hero MotoCorp's Q1 net profit to tumble anywhere in the range of 72-94 per cent on a year-on-year basis, led by massive decline in overall volumes.
On Wednesday, the 30-share benchmark index ended at 38369.63 down by -37.38 points or by -0.1 % and then NSE Nifty was at 11308.4 down by -14.1 points.
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