Nifty-Sensex View - 24.02.2020: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open in red on Monday
24/02/2020 08:40
Indian benchmarks are expected to start the day on a negative note today. US President Donald Trump's two-day visit to India and the spread of coronavirus outside China will be the top triggers for the Indian stock markets today.
Global shares and oil extended losses on Monday while safe-haven gold soared as the spread of the coronavirus outside China accelerated with infections jumping in South Korea, Italy and the Middle East, in a worrying new development in the outbreak.
In a sign of panic Nikkei futures slipped more than 1 percent. Australia’s benchmark index slid 1.6 percent while New Zealand was down about 1 percent. South Korea’s KOSPI index fell 2.2 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan off 0.7 percent to 541.48.
Meanwhile, Oil prices tumbled more than 2 percent on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China. Brent crude fell by $1.50 or 2.5 percent to $57.00 a barrel by 2332 GMT. US crude futures fell by $1.26 or 2.3 percent to $52.12.
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