Nifty-Sensex View - 18.03.2020: 09.00 Am
Pre-Session: SGX Nifty indicates positive start for domestic bourses
18/03/2020 08:35
Domestic bourses are expected to start the day on a positive note on Wednesday after steep losses in the previous session. The SGX Nifty ticked up over 100 points after the US markets' up move in the overnight session. The US central bank's announcement to purchase short-term corporate debt.
However, the overall mood continues to remain subdued with investor fear about the coronavirus' impact to the global economy still intact. In fact, global brokerages have declared the onset of a global recession, with the focus shifting on its likely length and depth. Morgan Stanley expects global growth to fall to 0.9 per cent in such a scenario, while Goldman Sachs predicts weakening of growth to 1.25 per cent. S&P Global, meanwhile, pegs it between 1 and 1.5 per cent.
On Tuesday, the 30-share benchmark index ended at 30579.09 down by -810.98 points or by -2.58 % and then NSE Nifty was at 8967.05 down by -230.35 points.
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