Sensex, Nifty likely to open mixed; Jet Airways, TCS, Infosys in focus
Indian shares are set for a mixed start on Monday guided by macroeconomic data and corporate earnings ahead of a holiday-shortened week. The BSE Sensex and NSE’s Nifty 50 may react to the industrial output and retail inflation numbers which were announced post market hours on Friday. Asian shares advanced supported by better-than-expected data from China.
Equity benchmarks closed in the green for the second straight session Friday as investors looked forward to the quarterly earnings season with measured optimism amid an uncertain global growth environment. Stock markets would remain closed on Wednesday and Friday for Mahavir Jayanti and Good Friday, respectively.
At 07:05 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.11 at 11,678.50, indicating a weak start for the Sensex and Nifty.
Stocks in focus: Jet Airways, TCS, Infosys.