HomeLatestSensex opens flat; traders anticipate RIL earnings announcement

Sensex opens flat; traders anticipate RIL earnings announcement

Mumbai (Maharashtra) [India], April 21 (ANI): The home fairness markets opened flat on Friday and traded within the adverse territory, monitoring weak international cues. The traders anticipate earnings of heavyweights like Reliance Industries and Hindustan Zinc as prior bulletins of corporations for the fourth quarter didn’t carry sentiments on BSE in addition to NSE.

BSE Sensex misplaced 28 factors to 59,612.07 and NSE Nifty declined 17 factors to 17,607.30 at 11.20 am on Friday. Sectoral indices of OilGas, FMCG, IT, Telecommunication had been within the constructive territory whereas Auto, Bankex, Power and Realty on BSE had been within the adverse territory.

In Asian markets, Hong Kong’s Hang Seng misplaced 221 factors, Japan’s Nikkei dropped 78 factors, China’s Shanghai misplaced 38 factors, Thailand SET dipped 6 factors when home markets opened on Friday.

In US markets, Dow Jones misplaced 110 factors, SP/BMV dropped 14 factors, Nasdaq and NYSE Composite had been within the constructive territory as their stock exchanges closed on Thursday. Investors within the US frightened in regards to the Federal Reserve’s subsequent transfer on rates of interest.

In European markets, BEL, CAC, Deutsche Borse, FTSE 100, Madrid SE, Amsterdam Exchange and IBEX 35 had been within the constructive territory.

Earnings of Reliance Industries and its subsidiaries are anticipated to be introduced on Friday. The oil-to-telecom conglomerate had registered a web revenue of Rs 16,203 crore within the year-ago interval. The stock, which is essentially the most worthwhile one within the nation, can be one of many corporations, which is monitored by home traders more often than not.

Snapping a three-day dropping streak on Thursday, the SP BSE Sensex gained 64.55 factors to 59,632.35 and NSE Nifty added 5.70 factors to 17,624.45. In the earlier three periods, the Sensex fell 1.43 per cent whereas the Nifty slipped 1.17 per cent. US shares closed principally flat on Wednesday after earnings studies from Netflix and Morgan Stanley. (ANI)