Nifty heading lower today

The 50-share Nifty index is expected to open lower on Wednesday tracking weak Asian markets while investors will keep a close watch on Bharti Airtel ahead of its quarterly results and DLF Ltd which reported its quarterly results post market hours.

According to ET now estimates the telecom giant is expected to post 4% growth in top line. India & South Asian revenue is expected to grow 3.1%. Revenue is expected to decline nearly 1% QoQ while in paisa terms it may translate to 43 paise. Overall EBIDTA margins are expected to improve by 55 bps.

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