Monday was a day of records on Dalal Street—a record high for the Nifty and Sensex, and six Nifty constituents ending at a 52-week high. The Nifty Bank, though 5,000 points away from its lifetime high, gained over 3,600 points during the six-day gaining streak.
Futures indicate that the rally may continue. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 1.4% to 12,672 as of 7:45 a.m. on Tuesday.
JK Cement, Oil India, EID Parry, IndiaMart InterMesh, Voltamp Transformers may react to their quarterly results reported after market hours on Monday.
Three Nifty 50 companies — GAIL, M&M and Hindalco — will announce their quarterly results today. Broader market firms like Aarti Industries, Bata, Exide Industries, Motherson Sumi, NMDC, Raymond, RITES, TTK Prestige and Tata Power, among others, too, will report financials today.
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