Markets to get pessimistic start; TCS result eyed
India, Oct. 10 -- Indian markets snapped six-day losing streak and ended higher with gains of over one and half a percent each, led by gains in telecom and banking stocks. Today, the markets are likely to make a pessimistic start amid mixed cues from Asian peers. Investors will be looking ahead to the start of July-September quarter earnings season, with IT bellwether TCS reporting its Q2 numbers later in the day. There will be some cautiousness with a private report that a workforce analysis of listed companies reveals that the job loss in public sector was one of the worst in the recent times. In contrast to an increase of 9.2 per cent headcount in private sector, the public sector saw a decline of 2.6 per cent in FY19. Traders may take n...
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