Nifty-Sensex View - 09.10.2020: 09.00 Am
Pre-Session: Markets to open higher; RBI monetary policy outcome eyed
09/10/2020 08:37
Domestic bourses are expected to start the day in green on Friday amid positive global cues. All eyes will be on the monetary policy address of RBI Governor Shaktikanta Das at 10 am today.
This time, the MPC meet gained even bigger attention as three out of the six members came on board at the last minute. Due to the delay in appointment, the MPC meet had to be postponed late last month.
Meanwhile, rate-sensitive stocks and sectors like banks, real estate, and auto will react to the MPC's decision.
Besides, a total of five companies including Rashtriya Chemicals & Fertilizers, and Steel Strips Wheels are scheduled to announce their quarterly earnings today.on October 9.
On the Covid front, India on Thursday registered 70,824 new Covid-19 cases, taking the tally past 69 lakh, according to Worldometer. The death toll is over 1 lakh 6 thousand now. Additionally, the World Health Organization reported a record one-day increase in global coronavirus cases on Thursday, led by a surge of infections in Europe.
On Thursday, the 30-share benchmark index ended at 40182.67 up by 303.72 points or by 0.76 % and then NSE Nifty was at 11834.6 up by 95.75 points.
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