Published on 12/01/2018 10:33:23 AM | Source: IIFL Ltd
The Nifty Midcap slightly outperforming benchmark indices and ending at record closing highs too - IIFL
The market is choosing to ignore any adverse news coming in. The main Indian indices continue to register fresh record highs. Crude prices are hitting multi-year highs boosting energy shares in US. For India it could be a different story. Whether it is confidence about a healthy Q3 earnings season or just the liquidity factor, remains to be seen. The broader markets also took part in the rally with the Nifty Midcap slightly outperforming benchmark indices and ending at record closing highs too. TCS kickstarted the IT sector and corporate earnings season, with a profit growth of 1.3 pc. Results scheduled for the day include the much awaited Infosys under the new leadership. HT Media and Karnataka Bank will also announce their results. The outlook is a positive start.
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