Nifty-Sensex View - 08.10.2020: 09.00 Am
Pre-Session: Positive opening likely for Sensex, Nifty; IT stocks in focus
08/10/2020 08:43
Domestic bourses are expected to start the day in green on Thursday following positive global cues.
IT stocks will be in focus today after the country's largest IT services company, TCS, beat street expectations in its second-quarter financials, led by a rebound in growth in key verticals and geographies. The company also approved a share buyback programme of Rs 16,000-crore.
Following TCS' move, now Wipro is also considering going for a share buyback programme which will be considered in its meeting scheduled on October 13.
On the results front, a total of seven companies including 5paisa Capital, GM Breweries, and Prabhat Dairy are scheduled to announce their September quarter earnings today.
Besides, the circuit filter revision for a total of 368 stocks will be implemented from today. This includes 16 scrips whose circuit filter will be raised from 5 per cent to 20 per cent. and includes the likes of Den Networks, Wockhardt Limited, and Welspun Corp among others.
On Wednesday, the 30-share benchmark index ended at 39878.95 up by 304.38 points or by 0.77 % and then NSE Nifty was at 11738.85 up by 76.45 points.
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