#Nifty-Sensex-Pre Market Report : 26.07.2019
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Pre-Session: Indian benchmarks likely to start in red amid muted global cues
26/07/2019 08:35
Indian benchmarks are expected to start the day in red on Friday amid muted cues from the Asian peers. The SGX Nifty is also indicating a negative start for domestic indices.Corporate earnings, global cues, and update on monsoon will give direction to the market today. Investors will react to major results announced yesterday in post-market hours. In that regard, Tata Motors and Bank of Baroda will be in focus. So will be agri sector stocks after a weather department official yesterday said India is likely to get above-average rainfall in the next two weeks. Further, As many as 55 companies will declare their results for the quarter ended June which include names like ABB India, Bajaj Auto, Force Motors, Vodafone Idea, JSW Steel, KPIT Tech, Maruti Suzuki India, Punjab National Bank, Usha Martin, Vedanta, and VST Industries etc. among others. Analysts expect a weak quarter for Maruti Suzuki due to the slowdown in demand and plummeting volumes which would offset the gains due to higher net realization. As for Bajaj Auto, analysts expect the inferior product mix and higher discounting to drag down the company's profit. On Thursday, the 30-share benchmark ended at 37830.98 down by 16.67 points or by 0.04 % and then NSE Nifty was at 11252.15 down by 19.15 points
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