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Sensex, Nifty tick lower led by auto, bank stocks
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Mumbai, Oct. 7 -- Having opened marginally higher, Indian equities soon slipped into the red on Monday led by losses in banks and auto companies. The stock market will keep an eye on corporate earnings that will kick start later this week.
The benchmark Sensex Index was down 0.3% to 37785.14 points, while the Nifty fell 0.1% to 11186.05 points.
IndusInd Bank and TCS will announce their earnings for the July-September quarter on 10 October, and Infosys Ltd will declare results on 11 October.
Indian companies are expected to report a decline in revenue and profit for the second straight quarter amid a slump in consumer demand that has sent the government scrambling to boost investment and consumption through a raft of measures, including...
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