Nifty-Sensex View - 18.05.2020: 09.00 Am
Pre-Session: Lower start likely for indices; RIL in focus
18/05/2020 08:43
Domestic bourses are expected to start the day in red on Monday as investors will today react on the government's decision to extend the nationwide lockdown till May 31, Finance Minister Nirmala Sitharaman's announcements over the weekend, and rising number of Covid-19 cases.
Lockdown 4.0, will although, come with some relaxations to pave the way for increased movement of people and facilitate more economic activity.
Finance Minister Nirmala Sitharaman announced various structural reforms over the weekend under the Rs 20 trillion economic package. Financing of agri infrastructure projects, privatising all PSUs outside strategic areas, and raising state borrowings limit to 5 per cent of GSDP from 3 per cent are some of the measures that could move sectoral indices today.
On the result front, a total of 14 companies, including Bharti Airtel, GSK Pharmaceuticals, and Dr Lal Pathlabs are scheduled to announce their March quarter earnings.
On Friday, the 30-share benchmark index ended at 31097.73 down by -25.16 points or by -0.08 % and then NSE Nifty was at 9136.85 down by -5.9 points.
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