Nifty futures were trading in green on Singaporean Exchange on Friday, hinting at a positive start for BSE Sensex and Nifty. Today, all eyes would be on RBI’s monetary policy outcome and second-quarter results of Tata Consultancy Services (TCS). Analysts say that domestic markets are holding up strong on the back of several positive factors like rating outlook upgrade, strong pre-quarterly data and healthy commentary from corporates for the festive season. “Although volatility has increased due to global factors as well as elevated valuations. Q2 result season would officially start with TCS numbers on Friday,” Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services, said.
Stocks to watch
Tata Consultancy Services: IT bellwether, TCS, will announce its second quarter earnings for FY22 later in the day today. Other companies such as Eco Recycling, Natural Biocon (India), Kanel Industries and Integrated Capital Services will also announce their quarterly results.
Zee Entertainment Enterprises: Invesco Developing Market Funds, a key shareholder of Zee Entertainment Enterprises (ZEEL), on Thursday suffered a setback with the National Company Law Appellate Tribunal (NCLAT) setting aside the October 5 order of NCLT Mumbai asking the media firm to file a counter reply by October 7.
Yes Bank: The Supreme Court on Thursday granted interim bail to Yes Bank founder Rana Kapoor’s wife Bindu Kapoor and two daughters — Radha and Roshni Kapoor — in an alleged case of cheating and corruption.