Sunday, March 1, 2020

Nifty-Sensex View - 02.03.2020: 09.00 Am

Nifty-Sensex View  - 02.03.2020: 09.00 Am
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Pre-Session: Green start likely for benchmark indices; PMI data eyed
02/03/2020 08:33
Indian benchmark indices are expected to start the day in green on Monday. The spread of coronavirus and its impact on the global economy will be the top triggers for the Indian stock markets today while investors will also react to India's GDP growth rate numbers published on Friday after market hours. India’s economy expanded by 4.7 per cent in the quarter ended December 31, a marginal increase from 4.5 per cent in the previous quarter.

Moroever, India Manufacturing PMI numbers for February is slated to be released today.

In the primary market, the initial public offer of SBI Cards and Payment Servies will open today. The company expects to raise around Rs 10,341 crore from the IPO with most brokerages recommending 'subscribe' to the issue. On Friday, the 30-share benchmark index ended at 38297.29 down by -1448.37 points or by -3.64 % and then NSE Nifty was at 11201.75 down by -431.55 points.


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