Nifty-Sensex View - 08.04.2020: 09.00 Am
Pre-Session: Negative start likely for Indian indices on Wednesday
08/04/2020 08:37
Domestic bourses are expected to start the day in red on Wednesday as investors will track global cues and coronavirus-related newsflow for market direction today. Meanwhile, the number of Covid-19 cases in India jumped to 5,311, with 150 deaths reported. Globally, it has infected more than 1.3 million people and killed over 76,000.
Besides, Icra Ratings yesterday sharply cut India's GDP forecast amid the Covid-19 crisis. The rating agency now expects the economy to grow at just 2 per cent in the current fiscal. It said the nationwide lockdown announced to contain the coronavirus outbreak has impacted industries and their operations have come to a standstill.
On Tuesday, the 30-share benchmark index ended at 30067.21 up by 2476.26 points or by 8.97 % and then NSE Nifty was at 8792.2 up by 708.4 points.
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