Nifty futures have been trading in green on Singaporean Exchange on Friday, hinting at a positive start off for BSE Sensex and Nifty. Today, all eyes would be on RBI’s monetary policy outcome and second-quarter benefits of Tata Consultancy Services (TCS). Analysts say that domestic markets are holding up robust on the back of a number of positive things like rating outlook upgrade, robust pre-quarterly information and healthier commentary from corporates for the festive season. “Although volatility has increased due to global factors as well as elevated valuations. Q2 result season would officially start with TCS numbers on Friday,” Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services, stated.
Stocks to watch
Tata Consultancy Services: IT bellwether, TCS, will announce its second quarter earnings for FY22 later in the day today. Other businesses such as Eco Recycling, Natural Biocon (India), Kanel Industries and Integrated Capital Services will also announce their quarterly benefits.
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