Nifty-Sensex View - 01.09.2020: 09.00 Am
Pre-Session: Sensex, Nifty likely to open higher; auto stocks in focus
01/09/2020 08:40
Domestic bourses are expected to open higher on Tuesday suggested by trends on SGX Nifty. A historic contraction in Q1 GDP growth will be the key trigger for the markets today. Besides, the Supreme Court's judgement on AGR dues and geo-political concerns might keep the markets volatile while the release of Manufacturing PMI data and August auto sales will be keenly tracked. The implementation of the new margin rules from today is also expected to impact the market trend.
Official data released after market hours yesterday showed that the Indian economy, which has been reeling from the impact of Covid-19, had contracted at its steepest-ever pace of 23.9 per cent year-on-year in the June quarter.
The manufacturing sector contracted 39.3 percent from a growth of 3 percent last year, while the mining sector shrank by 23.3 percent from a growth of 4.7 percent last year. The agriculture sector, aided by plentiful summer rains this years, however, stood out as a beacon of hope, growing 3.4 percent in the first quarter of 2020-21 from 3 percent last year.
On Monday, the 30-share benchmark index ended at 38628.29 down by -839.02 points or by -2.13 % and then NSE Nifty was at 11387.5 down by -260.1 points.
Whatsapp Number : 91-9094047040 / 91-9841986753
Book Trial for 2 days - Whatsapp 9841986753
Currency USDINR Tips
Commodity CRUDEOIL Tips
Index Nifty and Stock Options Tips
Register for 2 days Trial - Whatsapp - 9841986753
No comments:
Post a Comment