Nifty-Sensex View - 14.09.2020: 09.00 Am
Pre-Session: Sensex, Nifty likely to open higher amid firm global cues
14/09/2020 08:36
Domestic bourses are expected to open higher on Monday amid positive cues from the global peers. The focus today will squarely be on the broader market after the Securities and Exchange Board of India (Sebi) tweaked rules for multi-cap mutual funds. According to the new norms, multi-cap funds must hold at least 75 per cent of their assets in equities with 25 per cent each in large, medium and smaller companies.
Market participants will also react to IIP numbers, released over the weekend, followed by CPI and WPI inflation data which are scheduled to be released today. Industrial production shrank by 10.4 percent in July, mainly due to lower output of manufacturing, mining and power generation sectors, official data showed on Friday.
On the result front, Apollo Hospitals Enterprise, Future Retail, HUDCO, and PVR are among the 446 companies scheduled to announce quarterly earnings today.
On Friday, the 30-share benchmark index ended at 38854.55 up by 14.23 points or by 0.04 % and then NSE Nifty was at 11464.45 up by 15.2 points.
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