Tuesday, 27 October 2020
The Indian markets turned flat in Tuesday's volatile start on the back of weak global cues.Among headline indices, the S&P BSE Sensex hovered around 40,050 levels, and the Nifty50 index gave up the 11,750 level. Kotak Mahindra Bank, up 5 per cent, was the top Sensex gainer, followed by NTPC (up 4%) and Nestle India (up 2%).The trend among Nifty sectoral indices was largely in the red, led by Nifty PSU Bank index, down 1.2 per cent.In the broader market, the S&P BSE MidCap index was up 0.2 per cent while the SmallCap index fell 0.2 per cent.
A total of 37 companies including Bharti Airtel, Tata Motors, and Amara Raja Batteries are scheduled to announce their September quarter earnings today.Analysts expect Bharti Airtel's losses to shrink and revenue rise on year-on-year basis, helped by firm subscriber addition and ARPU rise in an otherwise seasonally weak quarter. Meanwhile, Tata Motors is seen reporting muted numbers in year-on-year terms, largely due to fall in JLR volume.