LIVE market updates: Trading activity may be light on Wednesday given the long-holiday break and anxiousness ahead of the US Federal meeting outcome later tonight. At 8:10 AM, SGX Nifty was up 36 points at 17,956 levels.
Corporate Earnings to Watch
Eicher Motors, Pfizer, State Bank of India (SBI), Aditya Birla Fashion & Retail, Bata India, Centrum Capital, DCM Shriram Industries, GPT Infraprojects, GSPL, Gujarat Alkalies, Precision Wires and Sharon Biotech are some of the companies slated to announce their SEptember quarter results today.
According to analysts, SBI’s Q2 profit may nearly double on a yearly basis to Rs 9,263.3 crore on the back of healthy net interest margin, recovery from DHFL, and lower loan provisioning. READ MORE
Primary Market action
This morning in Asia, the S&P/ASX 200 had rallied 1.4 per cent, and Taiwan Weighted index had advanced 0.4 per cent. Kospi, however, had slipped 0.4 per cent, while Hang Seng and Shanghai Composite were down 0.1 per cent each.
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