Nifty-Sensex View - 14.08.2020: 09.00 Am
Pre-Session: Flat start likely for Sensex, Nifty; AGR hearing in SC today
14/08/2020 08:38
Domestic bourses are expected to start the day on flat on Friday amid mixed global cues. Further, corporate results reaction, and macro data will be the key factors for the Indian markets today while the Supreme Court hearing in the AGR case will be actively tracked.
Some stock specific reaction will be seen in state-run BPCL, Hero MotoCorp, and Tata Steel that announced their Q1 earnings post markets hours yesterday.
Besides, India's retail inflation rose to 6.93 per cent in July on higher food prices. Investors will now eye Wholesale inflation data, expected to be released later today.
That apart, the Reserve Bank of India’s board, led by governor Shaktikanta Das, is scheduled to meet today amid expectations that the RBI will disclose its dividend payout to the government.
On the results front, a total of 231 companies including Glenmark Pharma, Berger Paints, and HIndalco Industries are scheduled to announce their June quarter earnings today.
On Thursday, the 30-share benchmark index ended at 38310.49 down by -59.14 points or by -0.15 % and then NSE Nifty was at 11300.45 down by -7.95 points.
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