Nifty-Sensex View - 20.01.2020: 09.00 Am
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Pre-Session: Markets likely to open higher; TCS, RIL, HDFC Bank in focus
20/01/2020 08:28
Indian benchmark indices are expected to open higher on Monday. Investors will first react to earnings of some index heavyweights which were announced post market hours on Friday and throughout the weekend. The week further will be dominated by the ongoing corporate results and the countdown to the Union Budget.
TCS reported a muted 0.2 per cent growth in consolidated net profit at Rs 8,118 crore for the third quarter while Reliance Industries posted a 13.5 per cent rise in consolidated net profit to a record Rs 11,640 crore in the October-December period of FY20. For HDFC Bank, Q3 profit jumped 33 percent, but asset quality weakened and provisions spiked.
A total of 26 companies, including Just Dial, KEI Industries, and ICICI Securities, are scheduled to announce their quarterly earnings later in the day.
On Friday, the 30-share benchmark index ended at 41945.37 up by 12.81 points or by 0.03 % and then NSE Nifty was at 12352.35 down by -3.15 points.
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