Sensex, Nifty weak; Maruti, ICICI Bank gain ahead of Q4 nos

The Sensex dropped 102.31 points to 27335.63 and the Nifty fell 44.95 points or 0.54% at 8260.30 while the BSE Midcap Index slipped 1.3 percent and Smallcap lost 2.4 percent.

Maruti and ICICI Bank gained half a percent ahead of Q4 earnings today. Maruti may see a good quarter as a CNBC-TV18 poll indicates a 43 percent rise in profits and big gains in margins are expected due to currency tailwinds. For ICICI Bank, net interest income growth is expected to be similar to Q3 at 13 percent and net interest margin is expected to be flat.

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Posted in: Indian Market Tips