HCLTech, RBL Bank and others line up quarterly earnings
In short
Indian markets fell on Monday, and investors then looked ahead to earnings from HCL Technologies and RBL Bank. Business Standard also said Tata Elxsi, Hero Motors and several other companies will report quarterly results on October 13.
These results could sway market sentiment for IT and other stocks. The actual numbers and share-price reaction are not stated in the available reporting.
What the reporting says
Indian markets were already under pressure on Monday, and attention shifted to upcoming quarterly earnings from HCL Technologies, RBL Bank and other companies. The reporting said the Nifty 50 fell on higher bond yields, foreign institutional investor outflows and global concerns, while Business Standard said Tata Elxsi, Hero Motors and several others would announce results on October 13. What remains unknown is the actual earnings outcome and any stock reaction.
Why it matters
Indian stock markets fell on Monday as the Nifty 50 dropped, with reports pointing to higher bond yields, foreign investor outflows and global concerns. The next market focus is on quarterly results from HCL Technologies, RBL Bank and companies including Tata Elxsi, Hero Motors, Anand Rathi Share and Stock Brokers, Den Networks, GTPL Hathway, PNB Gilts and ICICI Prudential Life Insurance on October 13. The actual earnings figures and market reaction are not stated.