Top stocks to watch out for on August 7: RIL, Fortis, DHFL, Tata Steel, DMart
Updated : 2019-08-08 08:12:18
The BSE Sensex and NSE's Nifty 50 are likely to open lower on Wednesday ahead of the Reserve Bank of India’s monetary policy decision later in the day. According to a CNBC-TV18 poll, the central bank is likely to bring down the key repo rate by 25 basis points. Moreover, June quarter earnings and continued selling by FIIs may also weigh on Indian shares. Asian shares traded marginally higher after China took steps to stabilise yuan. Indian shares closed nearly 0.8 percent higher in the previous session led by value buying in financial and auto stocks. At 7.26 AM, the SGX Nifty futures traded 55 points, or 0.55 percent, lower at 10,907, indicating a negative start for the Sensex and the Nifty 50.