Sensex, Nifty may open on cautious note; Reliance Industries, HCL Tech, Cairn India in focus today
Domestic equity markets are likely to open on a cautious note on Friday following weak global cues. Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 12.50 points down at 8,694.50 in the morning deals, indicating a gap-down opening for domestic equity markets. Asian peers, Nikkei and Shanghai were up by 0.30 per cent and 0.46 per cent, respectively.
Reliance Industries on Thursday announced its financial results for the quarter ended September 30, 2016. The company registered a 23 per cent fall in its second-quarter net profit as compared to last year’s figure, which was boosted by income from sale of US shale gas assets. Consolidated net profit in July-September stood at Rs 7,206 crore against Rs 9,345 crore in the corresponding quarter a year ago.
HCL Technologies on Friday (before market hours) reported 1.93 per cent fall in consolidated net profit at Rs 2,015.60 crore for the quarter ended September 30, 2016 against Rs 2,055.20 crore in the sequential quarter ended June 30, 2016.
Cairn India will announce is Q2FY17 results on Friday.