Nifty-Sensex-Pre Market View - 04.11.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open in green; HDFC, YES Bank in focus
04/11/2019 08:21
Indian benchmark indices are expected to start the day on a positive note on Monday . Investors will be eyeing corporate results to steer through the trade today. About 61 companies, including HDFC, Bharat Electronics, and Indian Overseas Bank are scheduled to report their September quarter results today. HDFC is slated to report its numbers amid expectations of net profit up to Rs 3,628 crore supported by gains from stake sale in Gruh Finance. It may, however, see a decline in credit growth due to slowdown in the real estate sector, according to analysts. On Friday, YES Bank posted its second-biggest quarterly loss of Rs 600.08 crore due to a one-off DTA adjustment of Rs 709 crore on account of change in corporate tax rate regime. Sentiments would remain upbeat on Prime Minister's comment highlighting India's economic growth. Prime Minister Narendra Modi, on November 3, said the country is among the top 10 destinations for foreign direct investment (FDI) in the world and had received $286 billion of FDI in the last five years. On Friday, the 30-share benchmark ended at 40165.03 up by 35.98 points.
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