Nifty-Sensex View - 19.05.2020: 09.00 Am
Pre-Session: Sensex, Nifty likely to open higher on firm global cues
19/05/2020 08:37
Domestic bourses are expected to start the day on positive note on Tuesday on the back of favorable global cues although the gains might be capped due to the rapidly increasing tally of coronavirus cases in India which has now exceeded 1 lakh with 3,156 deaths.
Besides, market participants will track corporate results for stock-specific action. They will also keep tabs on foreign fund flow, the Rupee's trajectory and oil price movement.
Further, Investors will react to Bharti Airtel's results today in which the telecom major reported a net loss of Rs 5,237 crore in the March quarter, largely due to an exceptional item of Rs 7,004 crore for the AGR dues payment.
Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings.
On Monday, the 30-share benchmark index ended at 30028.98 down by -1068.75 points or by -3.44 % and then NSE Nifty was at 8823.25 down by -313.6 points.
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