Stock market finally ends its losing streak
2QFY20 earnings season would kick start from tomorrow with IndusInd Bank and TCS declaring their results. This earnings season will also likely be another tepid one. Thus instead of the quarter’s numbers, market would be tracking the commentaries of the corporates on underlying demand post the recent government measures.
“Market bounced back today after the steep fall of 4% in the last six trading sessions, partly due to the short covering. Nifty closed the day at 11313, up 1.7%, while Bank Nifty was up 3.6%. Pixabay