Sensex, Nifty likely to open flat; DHFL, IndiGo, SpiceJet, Jet Airways, ONGC in focus
Episode 296, Jul 15, 2019, 02:18 AM
Indian benchmark indices are likely to open little changed on Monday in line with global markets ahead of Chinese GDP data. Investors are also cautious amid ongoing June quarter earnings season.
Asian shares were down marginally in thin trades as Japanese markets were shut for a public holiday.
India’s retail inflation rate hit an eight-month high in June on higher food prices, but stayed below the RBI's medium-term target of 4 percent for an eleventh straight month.
On Friday, the Sensex ended 87 points lower at 38,736, while the broader Nifty50 index lost 35 points to end at 11,548.
At 7.00 AM, the SGX Nifty futures traded 6 points, or 0.05 percent, up at 11,552.50, indicating a flat start for the Sensex and the Nifty 50.
Stocks to watch: DHFL, IndiGo, SpiceJet, Jet Airways, ONGC in focus.