Nifty-Sensex-Pre Market View - 07.11.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to start on flat note today
07/11/2019 08:37
Indian benchmarks are expected to start the day on a flat note on Thursday. Market participants will track global cues, foreign fund flow, the rupee's trajectory against the US dollar, and movement in oil prices. Investors will also look at corporate results and stock-specific action for market direction today. Sun Pharma, HPCL, and BPCL are among the 148 companies scheduled to announce their September quarter results today. Yesterday, Tata Steel reported a loss of Rs 6.54 crore before tax on a consolidated basis in the September quarter against a profit of Rs 5,411 crore in the corresponding period last year, mainly due to a fall in realisations across geographies. Moreover, after yesterday's rally, realty stocks will again be in focus after the Union Cabinet approved the setting up of a Rs 25,000-crore alternative investment fund to revive around 1,600 stalled housing projects across top cities in the country. On Wednesday, the 30-share benchmark ended at 40469.78 up by 221.55 points.
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