Nifty-Sensex View - 12.05.2020: 09.00 Am
Pre-Session: Sensex, Nifty likely to open in red on Tuesday
12/05/2020 08:39
Domestic bourses are expected to start the day in red on Tuesday. The indication by the Centre that the nationwide lockdown could be extended beyond May 17, albeit with eased restrictions for businesses, will be a major trigger for the Indian markets today.
Investors will also digest the reports that the next stimulus package, which could total Rs 3 trillion or more, could soon be announced.
Investors will also await the industrial production data for March and consumer inflation for April, slated to be announced later in the day.
Market players would track MSCI's semi-annual index rejig that could be announced today. Tata Consumer, Torrent Pharma, Jubilant FoodWorks, may be included in the index, while Bharti Infratel, Shriram Transport, Mahindra & Mahindra Financial Services, and Tata Power may be excluded.
On the result front, a total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results.
On Monday, the 30-share benchmark index ended at 31561.22 down by -81.48 points or by -0.26 % and then NSE Nifty was at 9239.2 down by -12.3 points.
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