NDTV Profit reported that India's Sensex and Nifty 50 opened higher Monday, at 75,178.24 and 23,222.30, as companies prepared to release quarterly results and markets awaited new manufacturing data.
NDTV Profit counted 203 companies with September-quarter results due that day, including ITC, Marico, National Aluminium Company, Petronet LNG, UPL and NLC India. Livemint also reported that more than 200 companies had results scheduled.
ITC's investor announcement page listed an Oct. 16 board-meeting notice. The National Stock Exchange of India (NSE) listed a financial-results event for Nov. 2.
Ponmudi R, CEO of Enrich Money, told NDTV Profit that diplomatic advances might take some geopolitical pressure off crude prices and provide support for Indian equities.
Business Standard reported that the HSBC Flash India PMI, compiled by S&P Global, showed preliminary October manufacturing activity at 54.9, compared with September's final reading of 55.1. NDTV Profit listed the final October figure among Monday's scheduled market events.
