Nifty-Sensex View - 17.01.2020: 09.00 Am
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Pre-Session: Markets likely to open flat; RIL, TCS in focus
17/01/2020 08:30
Indian benchmark indices are expected to start the day on flat note on Friday. Investors will focus on corporate earnings and any news flow regarding the Union Budget for market direction today.
A total of 18 companies, including Reliance Industries, Tata Consultancy Services (TCS), and HCL Technologies, are scheduled to release their December quarter numbers later in the day.
According to analysts, Reliance Industries is likely to see a flat Q3 performance amid weakness in the petrochemicals (petchem) unit’s performance even though retail and telecom segments are likely to gain further.
Similarly, IT bellwether TCS is also expected to put up a muted show in the third quarter. The company witnessed higher furloughs during the quarter than in the corresponding quarter of FY19, especially in the Banking and Financial Services vertical.
On Thursday, the 30-share benchmrk index ended at 41932.56 up by 59.83 points or by 0.14 % and then NSE Nifty was at 12355.5 up by 12.2 points.
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