Opening Bell: Nifty Likely To Open In Red Ahead Of Expiry

The Nifty is likely to open lower Thursday ahead of the April futures & options expiry. The SGX Nifty index was trading at 8210, down 20 points, at 7.42 am. Volatility ruled the market on Wednesday with the Nifty ending at 8239.75, down 45.85 points or 0.5 percent while the Sensex was down 170.45 points or 0.6 percent at 27225.93. 

In key earnings today, Indicates IDFC’s profits to jump year-on-year due to low base impact. The company’s asset quality will be maintained and net interest margins is expected to be stable at 3.7-3.8 percent.

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