Nifty-Sensex View - 22.01.2020: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open higher on Wednesday
22/01/2020 08:33
Indian benchmark indices are expected to open higher on Wednesday. Corporate results and stock-specific action will dominate investor sentiment today. Market participants will first react to the results announced after market hours yesterday. Zee Entertainment posted a 37 per cent year-on-year decline in profit before tax to Rs 510.8 crore for the third quarter, as revenue dipped 5.5 per cent to Rs 2,048.7 crore.
Today, a total of 36 companies, including Asian Paints, Axis Bank, and Larsen & Toubro are scheduled to announce their December quarter results. A stable quarterly performance could be in the offing for private lender Axis Bank, which, analysts say, could report up to 61 per cent year-on-year jump in net profit at Rs 2,705.4 crore for the December quarter.
On Tuesday, the 30-share benchmark index ended at 41323.81 down by -205.1 points or by -0.49 % and then NSE Nifty was at 12169.85 down by -54.7 points.
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