Nifty-Sensex View - 14.10.2020: 09.00 Am
Pre-Session: Markets likely to open lower; Infosys Q2 results eyed
14/10/2020 08:34
Indian markets are expected to start the day in red on Wednesday following global cues on delay in vaccine trials and US stimulus agreement.
Investors will today track global cues, macro data, corporate results, and stock-specific developments.
Besides, market participants will also follow the Supreme Court hearing today on a batch of petitions seeking a waiver of interest on loans during the moratorium period and seeking an extension of the moratorium. On the macro front, WPI inflation for September will be announced later in the day.
The International Monetary Fund's sharp revision of its projection of contraction in India’s GDP for FY21 – from 4.5 per cent earlier to 10.3 per cent – might also affect investor sentiment.
On the result front, a total of 16 companies including Infosys, Tata Elxsi, and Den Networks are scheduled to declare their September quarter earnings today. Infosys is expected to report a strong set of numbers for the quarter, mainly led by the ramp-up of large deal wins.
On Tuesday, the 30-share benchmark index ended at 40625.51 up by 31.71 points or by 0.08 % and then NSE Nifty was at 11934.5 up by 3.55 points.
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