Nifty-Sensex View - 13.02.2020: 09.00 Am
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Pre-Session: Sensex, Nifty likely to start on flat note today
13/02/2020 08:32
Indian benchmark indices are expected to start the day on flat note on Thursday. Coronavirus concerns, corporate results, and macro data will be the top triggers for Indian indices today. Investors might turn cautious after China's Hubei province reported a record rise in the coronavirus death toll on Thursday, as global health experts warned the epidemic could get far worse before it is brought under control. Health officials in Hubei province said 242 people had died from the flu-like virus on Wednesday that brought the total number of deaths in the province to 1,310.
Market participants will also react to macro numbers released post market hours yesterday. Retail inflation in January rose to a multi-year high of 7.59 percent, while industrial output contracted 0.3 percent in December, against a growth of 1.8 percent in November, data showed. The figures might dent investors' outlook on the revival in the Indian economy.
On the results front, almost 615 companies, including BPCL, Page Industries, Nestle India, and Apollo Hospitals Enterprise, are scheduled to announce their December quarter results today.
On Wednesday, the 30-share benchmark index ended at 41565.9 up by 349.76 points or by 0.85 % and then NSE Nifty was at 12201.2 up by 93.3 points.
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