Nifty-Sensex View - 07.05.2020: 09.00 Am
Pre-Session: Subdued opening on cards for Sensex, Nifty today
07/05/2020 08:39
Domestic bourses are likely to start on a subdued note on Thursday as indicated by the SGX Nifty, amid weak global cues.
Today being the weekly expiry day, traders can expect some volatility during the session.
On the result front, a total of nine companies including HCL Tech and RBL Bank are scheduled to announce their March quarter earnings today. According to analysts, HCL Technologies may see a decline in EBIT margins on a sequential basis on account of some revenue hit due to disruptions caused by the Covid-19 outbreak.
Meanwhile, the total number of coronavirus cases in India has reached 52,987. And the country's death toll at present is 1,785, according to Worldometer.
On Wednesday, the 30-share benchmark index ended at 31685.75 up by 232.24 points or by 0.74 % and then NSE Nifty was at 9270.9 up by 65.3 points.
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