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"Nifty's aggressive upside targets are still seen at the psychological 22,000 mark, with confirmation of strength only above the 21,836 mark," said Prashanth Tapse, Senior VP (Research) at Mehta Equities. On the stock-specific front, Infosys, TCS, HDFC AMC and few other counters will be in focus today.
Shares of Infosys Ltd moved 0.62% down to close at Rs 1,519.65 in the previous trading session. The company will announce its quarterly results today. The second-largest IT major is expected to report 5-8% year-on-year (YoY) drop in its profit on account of flattish sales in a seasonally weak quarter.
Shares of Tata Consultancy Services (TCS) rose 0.64% to close at Rs 3,713.70. The IT major will also declare its third-quarter results. The largest IT major is expected to report 7-11% YoY rise its in profit.
HDFC Asset Management Company shares edged 0.04% up to close at Rs 3,417.70. The company is scheduled to announce its quarterly results today as well.
Shares of NBCC India Ltd rose 1.25% to settle at Rs 92.44. The company has bagged a couple of orders from colleges.
Shares of Franklin Industries Ltd jumped 4.99% to close at Rs 50.09. The stock will trade ex-split today from Rs 10 to Re 1.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.