Nifty-Sensex View - 31.08.2020: 09.00 Am
Pre-Session: Markets likely to open higher; Q1 GDP data eyed
31/08/2020 08:39
Domestic bourses are expected to open higher on Monday ahead of the Q1 GDP print, infrastructure output data for July, Unlock-4 guidelines and the RIL-Future Group deal.
Today, the market will first react to Reliance Industries' acquisition of retail & wholesale business and the logistics & warehousing business of the Future Group.
Apart from that, the focus will also be on the June quarter GDP data which will be released by the National Statistical Office today. Estimates of decline in GDP are going up to 35 per cent due to the impact of lockdown amid the pandemic, although the statistics office may show only a 15-16 per cent fall because it does not have the data on the informal sector and uses proxies for that.
Market participants may also react to the Union Home Ministry's decision to issue the Unlock 4 guidelines under which metro trains will be allowed to resume services from September 7 in a graded manner
On Friday, the 30-share benchmark index ended at 39467.31 up by 353.84 points or by 0.9 % and then NSE Nifty was at 11647.6 up by 88.35 points.
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