Nifty-Sensex View - 10.02.2020: 09.00 Am
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Pre-Session: Tepid start likely for Sensex, Nifty on Monday
10/02/2020 08:39
Indian benchmark indices is expected to start the day on a weak note on Monday as investors may track losses in the Asian markets.
The coronavirus death toll in China increased to 908, well over the total of 774 who died from SARS epidemic in 2002-03. This led to Goldman Sachs cutting its Q1CY20 real GDP growth forecast for China to 4 per cent from 5.6 per cent earlier. As such, investors are likely to stay cautious regarding the threat to global economic growth from coronavirus spread.
Markets may also see at least a knee-jerk reaction to the results of the Delhi Assembly polls set to be declared tomorrow. TV exits polls have backed Aam Aadmi Party (AAP) to retain power in Delhi after elections ended on Saturday with more than 55 per cent turnout.
Moreover, corporate results for the December quarters will continue to flow in.GAIL, Indiabulls Realty, MRF, and Nalco are among the 230 companies that are scheduled to report their December quarter numbers today.
On Friday, the 30-share benchmark index ended at 41141.85 down by -164.18 points or by -0.4 % and then NSE Nifty was at 12098.35 down by -39.6 points.
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