Nifty-Sensex View - 04.05.2020: 09.00 Am
Pre-Session: Negative opening on cards; RIL, HUL, Tech Mahindra in focus
04/05/2020 08:38
Domestic bourses are expected to start the day in red on Monday tracking weak global cues. Investors will today react to some crucial developments over the extended weekend which included another US-China flare-up, the extension of lockdown, and some crucial corporate results.
Reliance Industries, Hindustan Unilever, and Tech Mahindra will be in focus in today's session. Reliance Industries announced its Q4 earnings after the market hours on Thursday and reported a 38.73 per cent year-on-year drop in its consolidated profit. The conglomerate also said it would raise Rs 53,125 crore through a rights issue.
On the macro front, Markit Manufacturing data for April will be released today.
Investors will also react to auto firms' April sales figures which nosedived amid the lockdown. While Eicher Motors April auto sales plunged 98 per cent, Maruti Suzuki reported zero sales in domestic market.
On Thursday, the 30-share benchmark index ended at 997.46 points or by 3.05 % and then NSE Nifty was at 9859.9 up by 306.55 points.
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