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Live Markets: Sensex is about to start flat today.
- Sensex and Nifty are about to start flat on Asian mixed markets today. The SGX Nifty, traded in Singapore, was trading 22 points higher at 10347. Friday, Sensex had dropped more than 1%. Housing finance sector securities, PNB Housing Finance Ltd. According to analysts, HDFC Bank's solid profits over the weekend could help calm sentiment. Stock market operations will continue to be guided by the current quarterly earnings season, and safe stocks such as Wipro and Bharti Airtel are expected to announce their results this week, experts said. Key factors such as the rupee's movement and crude oil prices would also be heavily monitored, he added. HCL Tech, Bajaj Auto, Kotak Mahindra Bank and BHEL are among the other companies expected to announce their quarterly figures this week.
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8:58 am IST Opening bell: clues to watch before trading todayAsian markets have opened lower, investors turning to corporate profits. Over the weekend, US stocks closed on a mixed note. But Chinese equities rose the most in more than two years after senior officials continued to express their support for the country's troubled private sector. The Shanghai Composite Index rose 3.1% to 2,629.90.HDFC Bank announced Saturday that its net profit for the second quarter had increased 20.59% thanks to higher net interest income and other income. Earnings were slightly lower than the Bloomberg survey of 17 analysts.Exits at the highest level continue at Infosys Business Standard. According to the report, Ken Toombs, global head of the board, has resigned from the company.Jet Airways is expected to reduce its workforce and operations as the company faces its worst financial crisis, reports the newspaper Economic time. In another report, the ICRA rating agency downgraded InterGlobe Aviation's long-term credit rating of 8,000 crores.Tata Sons has increased its stake in Tata Motors, reports Business Standard. According to the report, the holding company Tata Group increased its stake in the flagship company to 34.2% in September, against 33.3% in June.Asian Paints Ltd., Hindustan Zinc Ltd., Inox Leisure Ltd., Oberoi Realty Ltd. and Welspun India Ltd. are some of the companies that will publish their results for the September quarter today.
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