These 4 blue-chip companies Q2 results to dictate Sensex, Nifty today

Four blue-chip companies are due with their second-quarter earnings today. As each being in the top slots in their respective market, it is expected that their Q2 results will guide Sensex and Nifty. Indian stock markets have rallied to record highs despite lower-than-expected first quarter results reported by major companies. Though, the markets have been surging on the hopes of better-than-expected Q2 and Q3 earnings. Recently domestic markets surged to record highs after the Modi government announced a mega plan of Rs 2.11 lakh crore to recapitalise the stressed PSU banks.

Amid the ongoing second-quarter earnings season, investors are keenly awaiting the results of blue-chip companies which may provide a justification to the upmove in the stock markets. There are four blue-chip companies which are slated to announce their second-quarter report card today, including ITC — India’s largest FMCG company, Indian Oil Corporation — Nation’s biggest enterprise, Maruti Suzuki — India’s largest car-maker, ICICI Bank — India’s second-largest private bank. It is expected that these companies may provide an industrial outlook for their representative sectors namely — bank, automobile, consumer good, oil refining.

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