Nifty-Sensex View - 19.08.2020: 09.00 Am
Pre-Session: Positive start on cards for Sensex, Nifty; RIL in focus
19/08/2020 08:34
Domestic bourses are expected to start the day in green on Wednesday following firmer Asian equities and S&P 500 hitting all-time high.
Markets will today track global cues, corporate results, stock-specific developments, and the SC hearing on AGR dues.
In yesterday's hearing, the Supreme Court reiterated its stand on the payment of AGR dues by telecom companies, saying no “technicality” would come in the way of enforcing the recovery of levies.
Reliance Industries is likely to be a big focus in today's session after the conglomerate announced the acquisition of a majority equity stake in online pharmacy delivery startup Netmeds for a cash consideration of approximately Rs 620 crore.
On Tuesday, the 30-share benchmark index ended at 38528.32 up by 477.54 points or by 1.26 % and then NSE Nifty was at 11385.35 up by 138.25 points.
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