All Eyes on Maruti Suzuki as Nifty Expected to Open in Green Today

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All Eyes on Maruti Suzuki as Nifty Expected to Open in Green Today

By Aditya Raghunath -- Early cues indicate that Nifty 50 and the BSE Sensex 30 are expected to open positive today. Nifty 50 Futures in Singapore are trading up 0.53% as of this report signalling a gap-up opening for markets today.

All eyes will be on Maruti Suzuki India Ltd. (NS: MRTI ) today, as India’s largest carmaker is scheduled to release its results for Q1 FY22. Sales are expected to fall by 25-30% sequentially as the impact of the second pandemic wave becomes clear. Nestle India Ltd (NS: NEST ) and United Breweries Ltd. (NS: UBBW ) are the other major companies which are scheduled to release earnings today.

The International Monetary Fund (IMF) has joined the RBI and S&P is revising downwards its forecast for India’s GDP in FY22 to 9.5% as it took into account the economic impact of the second pandemic wave.

It will be another battle between the bulls and the bears in early trade as Nifty tries to cross the 15,900 mark. Market watchers will also be watching the outcome of the US Federal Reserve’s two-day meeting that will conclude after Indian market-hours today.

In Asia, markets are mixed with Nikkei 225 down 1.15% while KOSPI 50 and the Shanghai Composite are down less than 0.1% each.

In the US, all three futures, Dow Jones 30 Futures , S&P 500 Futures and the Nasdaq 100 Futures , are trading down less than 0.1% each.

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  • Sankalp Vij @Sankalp Vij
    your predication are quite wrong global ques are week how can nifty open in green . See the world market everything is on lower side
    Like 3
  • Neeraj Bapat @Neeraj Bapat
    this sets the tone for the rise in the next series as the july series is coming to an end on thursday
    Like 0
  • Market Vishwa @Market Vishwa
    9.5% is simply a joke they all wanna laugh at... it takes nothing to make such projections... will they be delivered is the true question... if they say india is likely to deliver 9.5%... then I am likely to be Batman.
    Like 4

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