The benchmark indices opened lower tracking mixed Asian cues after on Friday Wall Street ended a six-day run of record highs after the first monthly decline in US non-farm jobs in seven years.
Sentiment turned cautious as earnings season for the July-September quarter kicks off this week with over 30 companies scheduled to report their Q2 numbers. These include, TCS, Reliance Industries, South India Bank, IndusInd Bank, Cyient, and Bajaj Corporation, among others.
The combined net profit of Nifty50 companies is expected to grow by 7.4% on a year-on-year (YoY) basis in Q2FY18, against 1.8% decline during the June 2017 quarter and 8.5% growth during the corresponding period a year ago.
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09:25 AM
Sensex heatmap at open
09:22 AM
Broader markets
The BSE Midcap and the BSE Smallcap indices outperformed slightly to gain 2% each.
Broader markets
The BSE Midcap and the BSE Smallcap indices outperformed slightly to gain 2% each.
09:21 AM
Markets at openAt 9:20 am,
Markets at openAt 9:20 am,
the S&P BSE Sensex was trading at 31,807, down 6.38 points, while the broader Nifty50 was ruling at 9,969, down 10 points.
09:08 AM
Q2 earnings preview
India’s top 50 listed firms, which comprise the benchmark NSE Nifty50 index, are expected to report a mild recovery in earnings during the July-September 2017 quarter, driven by a relatively good show by banks and commodity producers.
However, domestic manufacturers and information technology (IT) exporters are likely to continue in the slow lane due to a combination of the disruption due to the goods and services tax (GST), poor demand, and rise in input costs.
09:08 AM
Q2 earnings preview
India’s top 50 listed firms, which comprise the benchmark NSE Nifty50 index, are expected to report a mild recovery in earnings during the July-September 2017 quarter, driven by a relatively good show by banks and commodity producers.
However, domestic manufacturers and information technology (IT) exporters are likely to continue in the slow lane due to a combination of the disruption due to the goods and services tax (GST), poor demand, and rise in input costs.
09:02 AM
Nifty outlook by Prabhudas Lilladher
Nifty is now very likely to re-test the previous high as technically we see signs of improvement as RSI has bounced back from oversold and getting into a trend. The support for the week is seen at 9,820 while resistance is seen at 10,130.
Nifty outlook by Prabhudas Lilladher
Nifty is now very likely to re-test the previous high as technically we see signs of improvement as RSI has bounced back from oversold and getting into a trend. The support for the week is seen at 9,820 while resistance is seen at 10,130.
09:00 AM
Nifty outlook by Devang Shah
Short-term outlook for the market remains negative till Nifty trades below 10,095 levels and expecting target of 9,640-9,480 levels in short term. Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and is expecting targets in the range of 12,000-12,200 levels in medium term. READ MORE
Nifty outlook by Devang Shah
Short-term outlook for the market remains negative till Nifty trades below 10,095 levels and expecting target of 9,640-9,480 levels in short term. Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and is expecting targets in the range of 12,000-12,200 levels in medium term. READ MORE
1 comment:
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