Markets are likely to open lower after IT giant TCS Q2 results missed the street expectations following the IT bell weather Infosys indicating tough times in the back half of the financial year for Indian IT companies. Meanwhile, key corporate earnings to be posted by the FMCG major HUL will be keenly awaited by the participants.
To add to the woes of the investors, Asian peers are showing weakness tracking losses on the Wall Street as the drop in crude prices along with the consumer price data from China which has kept the investors on their toes.
Moreover, a notable macro data wholesale price index (WPI) for September will be released today.
STOCKS TO WATCH
TCS reported a 5.8% rise in revenue at Rs 27,165 crore for the quarter ended September 2015. It was Rs 25,668 crore in the previous quarter ended June 2015.
FMCG major HUL is due to post its Q2 results today.
FMCG major HUL is due to post its Q2 results today.
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GLOBAL STOCKS
‘Asian shares lost ground following losses on the Wall Street owing to heavy sell-off in oil as investors remained unnerved ahead of the consumer price data from China later today. Nikkei, Hang Seng and Shaghai Composite are down between 0.5-2% On the Wall Street, The Dow Jones industrial average .DJI fell 0.3%, the S&P 500 .SPX lost 0.68% and the Nasdaq Composite.IXIC droppe 0.9%