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Q2 earnings to drive markets this week, say experts; SBI, Tata Motors eyed

Among major companies scheduled to release their earnings this week are: SBI, Tata Motors, BHEL, Cipla, CIL and NHPC

Press Trust of India  |  New Delhi 

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The quarterly of companies, including bluechips SBI, and Coal India, will decide the course of the this week, according to experts. "Sentiment continues to be positive. However, rising crude prices remains to be a concern for the Indian markets," said Anita Gandhi, Whole Time Director, Arihant Capital Among major companies scheduled to release their earnings this week are: SBI, Tata Motors, BHEL, Cipla, CIL and NHPC. "In the near term, market will continue to gauge on the ongoing Q2 results," said Vinod Nair, Head of Research, Geojit Financial Services. "The season is in the middle of completion. Mixed numbers have come out.

No clear trend is emerging to state forcefully that all is well with the economy. Some pockets are impacted but some are still unclear what would be the impact of GST/demonetisation," said Jimeet Modi, Founder & CEO, SAMCO Securities. Foreign investors, a major driver for the Indian equity market, turned net buyers in October and pumped in over Rs 3,000 crore in the equity after two months of selling. Last week, the Sensex rose, notching up a significant gain of 528.34 points, or 1.59 per cent. The Nifty was up 129.45 points, or 1.25 per cent, during the past week.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sun, November 05 2017. 13:41 IST
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