Wednesday, 23 November 2016

Sensex, Nifty may see positive start

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After a tumultuous ride for six days in a row, the market may see a positive start as the SGX Nifty indicates. India has been underperforming global markets post demonetisation. The 30-share BSE Sensex closed below the psychological 26000 level, down 385.10 points or 1.47 percent at 25765.14. 

 

The index fell for the sixth consecutive session today, the biggest losing streak since March 2015. L&T is likely to be in focus today as it will announce its Q2 results today. It is expected to post a stable quarter. Its Q2 topline is seen up 8 percent led by improved execution while FY17 guidance is key.

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