BSE Sensex and Nifty 50 are expected to open in the positive territory on Wednesday, as suggested by trends in SGX Nifty. Nifty futures were trading 40.50 points or 0.28 per cent up at 14,641 on Singaporean Exchange.
Tata Consultancy Services (TCS) share price jumped 3.5 per cent to hit a fresh 52-week high of Rs 3,230 apiece on BSE today, following better-than-expected October-December quarter results for the fiscal.
Although the October-December quarter is a seasonally weak one, Kotak Securities believes this year will be different owing to strong momentum in digital spends, large deal wins, and lower than expected furloughs.
A total of 90 companies including Sun Pharmaceutical Industries, Adani Gas, Adani Ports, Ajanta Pharma, Dabur India, Godrej Properties, and Varun Beverages are scheduled to announce their July-September quarter earnings.
A total of 80 companies including IndusInd Bank, Indian Oil Corporation, DLF, Dhanuka Agritech, Dixon Technologies (India), Jindal Steel & Power, Jindal Stainless and Vakrangee are scheduled to announce their quarterly earnin