Tata Motors (up 0.4 percent), BHEL (flat) and Mahindra & Mahindra (up 0.6 percent) will remain in focus today ahead of their June quarter earnings. Tata Motors is expected to report dismal performance on JLR weakness.
The Sensex fell 8.32 points to 28289.81 and the Nifty declined 0.90 points to 8587.75. However, the broader markets continued to outperform benchmarks with the BSE Midcap and Smallcap indices rising 0.3-0.5 percent. About 1245 shares have advanced, 757 shares declined, and 107 shares are unchanged on the Bombay Stock Exchange. Tata Motors (up 0.4 percent), BHEL (flat) and Mahindra & Mahindra (up 0.6 percent) will remain in focus today ahead of their June quarter earnings. Tata Motors is expected to report dismal performance on JLR weakness. Mahindra & Mahindra numbers too are likely to be weak on yearly basis but sequential performance may be good while BHEL’s reported performance is likely to remain constrained, impacted by muted execution.
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