Nifty-Sensex View - 01.07.2020: 09.00 Am
01/07/2020 08:31
Domestic bourses are expected to start the first day of the July-September quarter on a subdued note as they juggle with macro-data, stock-centric news flow, rising coronavirus cases, and global cues.
Data released by the government on Tuesday showed that the fiscal deficit for the first two months of FY21 came in at Rs 4.66 trillion, or 58.6 per cent of the full year target of Rs 7.96 trillion. Besides, the output of the eight core sectors of the economy shrank 23.4 per cent in May.
Investors will be eyeing manufacturing PMI for June which is slated to be released later today.
Meanwhile, automobile firms will report their June sales figures beginning today. Analysts expect automobile companies to build-on the demand recovery seen in May, and post improved sales figures on a monthly basis for June 2020.
On Tuesday, the 30-share benchmark index ended at 34915.8 down by -45.72 points or by -0.13 % and then NSE Nifty was at 10302.1 down by -10.3 points.
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