Nifty-Sensex View - 09.06.2020: 09.00 Am
Pre-Session: Sensex, Nifty likely to open in green on Tuesday
09/06/2020 08:38
Domestic bourses are expected to start the day in green on Tuesday on the back of favourable global cues, although the gains might be capped by the continuously rising Covid-19 cases and the World Bank's decision to scale down India's growth projections.
World Bank yesterday forecast a 3.2 per cent contraction in India's economy in FY21 because of the Covid-induced lockdown. It had earlier predicted 1.5-2.8 per cent growth.
Meanwhile, India added over 9,983 new Covid-19 cases yesterday, taking its tally to 2.6 lakh with as many as 7,263 deaths from the disease so far. India is now the fifth worst-hit nation across the world due to Covid-19.
On the result front, a total of 23 companies including Hero MotoCorp and Bombay Dyeing are scheduled to announce their March quarter results. Analysts expect Hero MotoCorp to report over 20 per cent fall in top-line, led by 25 per cent YoY decline in total volumes.
On Monday, the 30-share benchmark index ended at 34370.58 up by 83.34 points or by 0.24 % and then NSE Nifty was at 10167.45 up by 25.3 points.
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