1. Sensex, Nifty to make soft-to-cautious start today; Tata Motors, Godrej Industries results eyed

Sensex, Nifty to make soft-to-cautious start today; Tata Motors, Godrej Industries results eyed

The BSE Sensex and NSE Nifty are likely to open on a flat-to-cautious note on Friday tracking SGX Nifty and global markets.

By: | Published: November 6, 2015 8:46 AM
sENSEX Nifty MARKET OUTLOOK

The BSE Sensex and NSE Nifty are likely to open on a flat-to-cautious note on Friday tracking SGX Nifty and global markets. (Photo: PTI)

The BSE Sensex and NSE Nifty are likely to open on a flat-to-cautious note on Friday tracking SGX Nifty and global markets.

At 8.29 am (IST), SGX Nifty was up 13 points at 7,985.50.

Asian shares slipped on Friday, ahead of key US employment data later in the session that was expected to add to the case for a Federal Reserve interest rate hike as early as next month.

Wall Street marked modest losses after a mixed spate of earnings, as investors waited for the non-farm payrolls report.

Dow Jones Industrial Average index on Thursday closed 0.02 per cent down at 17,863.43

Back home, Sensex and Nifty closed at five-week lows on Thursday after the US Federal Reserve Governor reiterated the possibility of raising interest rates in December, while caution ahead of Bihar state exit polls accelerated the selloff. Sensex ended 248.72 points down at 26,304.20. NSE Nifty closed 84.75 points down at 7,955.45.

Shreyash Devalkar, fund manager, equities, BNP Paribas Mutual Fund, said, “The next trigger for the market could very well be influenced by the outcome of the Bihar elections and could hinge upon a BJP victory in the state.”

Some of the companies like Aurobindo Pharma, Vimal Oil, Astec, Tata Motors, Tata Invest, Paper Products, Eicher Motors, Godrej Industries, Aarti Drugs, IGL, Punj Lloyd, Motherson Sumi, Lumax Tech, Voltas, TD Power, Ramco Cem, Union Bank, Essar Oil, Tata Chemicals and Great Eastern Shipping may announce their earnings on Friday.

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