Nifty-Sensex View - 21.01.2020: 09.00 Am
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Pre-Session: Subdued start on cards for domestic bourses on Tuesday
21/01/2020 08:27
Indian benchmark indices are expected to start the day on subdued note on Tuesday . Investors will continue to focus on corporate earnings for market direction in the short-term while the International Monetary Fund lowering India's growth forecast will also impact sentiment.
A total of 25 companies including Havells, Polycab, ICICI Pru Life, and Zee Entertainment Ènterprises Ltd. are scheduled to announce their results later in the day.
As for IMF, it lowered India’s economic growth forecast to 4.8 per cent for this fiscal year owing to the crisis in the non-banking financial sector and weak rural demand. It also cut the world’s growth estimate and blamed the slowdown in India for its move.
On Monday, the 30-share benchmark index ended at 41528.91 down by -416.46 points or by -0.99 % and then NSE Nifty was at 12224.55 down by -127.8 points.
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