Thursday, 9 February 2017

Experts Advice > Nifty consolidates ahead of Q3 earnings; Financial Advisory Ripples Research

Ripples Advisory Private Limited, Indore @9303093093

Equity benchmarks as well as broader markets continued to consolidate in afternoon trade as investors awaited third quarter earnings. The 30-share BSE Sensex slipped 21.27 points to 28268.65 and the 50-share NSE Nifty declined 9.80 points to 8759.25. Experts expect consolidated to continue in near term. 

According to them, after Q3 earnings season, which may end by next week, focus will be shifted to global cues and GST. State Bank of India (down 0.85 percent), Bank of Baroda (down 1.5 percent), Lupin (up 1.35 percent), Tata Motors (down 0.18 percent) and Coal India (up 0.3 percent) are yet to announce quarterly earnings.
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