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Thursday, October 27, 2016

F&O expiry may drag market; Maruti, ONGC, Hero, ITC in focus



Companies that will announce September quarter earnings. Maruti Suzuki, ONGC, ABB, Tech Mahindra, TVS Motor, Glenmark Pharma, HCC, IOC, PVR, Torrent Power, Vijaya Bank, JSW Steel, Karur Vysya Bank, Bajaj Finance, Bajaj Finserv, Bharat Electronics and Escorts.


September Futures and Options expiry may put further pressure market today while investors may be still cautiously trading due to weak Q2 earnings.


On Wednesday, the 30-share BSE Sensex was down 254.91 points or 0.91 percent at 27836.51. The 50-share NSE Nifty hit an intraday low of 8596.60, before closing down 76.05 points or 0.88 percent at 8615.25.


Asian shares edged down after disappointing earnings from technology giant Apple dragged on Wall Street, while the dollar remained shy of this week's nearly nine-month highs.




More will update soon!!