Sensex tests 33,000 in opening, Nifty trades flat; Bharti Infra dips
Sun Pharma, HC Technologies, Bharti Airtel, M&M, Lupin, Yes Bank, Kotak Mahindra Bank and Eicher Motors were early gainers.
The September quarter earnings season is almost over and thankfully it has not been that disappointing as was expected. India Inc. reported results which were largely in-line with estimates but the recovery in earnings is likely to take place only by second half of FY18.
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“In general, companies have reported decent numbers compared to expectations. In terms of Nifty50 names, EBITDA is slightly ahead of our estimates especially for companies such as RIL, Tata Motors, Bharti Airtel etc.” Sanjeev Prasad, co-head, Kotak Institutional Equities said.
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