Thursday, September 10, 2020

Nifty-Sensex View - 11.09.2020: 09.00 Am

Nifty-Sensex View - 11.09.2020: 09.00 Am

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Pre-Session: Lower start likely for Sensex, Nifty; IRCTC, BHEL results eyed
11/09/2020 08:34
Domestic bourses are expected to start the day on negative note on Friday tracking weak global cues. Market participants will also follow stock-specific developments and keep an eye on newsflow on India-China and Covid-19 front.

Further, the July industrial and manufacturing production data is scheduled to release today, post market hours.

The International Monetary Fund (IMF) on September 10 stated that there is a need for fresh stimulus, notably investments on health, food and income support for vulnerable households, and support for enterprises because of the COVID-19 pandemic.

We believe further fiscal stimulus is warranted, especially expenditures on health, food and income support for vulnerable households, and support for businesses, Rice said, responding to questions on the massive contraction that the Indian economy has experienced in the latest quarter due to the coronavirus pandemic.

On the result front, a total of 104 companies including IRCTC, BHEL, and Adani Green are scheduled to announce their quarterly earnings today.

On Thursday, the 30-share benchmark index ended at 38840.32 up by 646.4 points or by 1.69 % and then NSE Nifty was at 11449.25 up by 171.25 points.


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