Nifty-Sensex View - 13.05.2020: 09.00 Am
Pre-Session: Sensex, Nifty likely to open higher on Rs 20 trn stimulus boost
13/05/2020 08:43
Indian markets are expected to make a strong start on Wednesday after Prime Minister Narendra Modi announced a Rs 20-trillion stimulus package to jump start the battered economy, while giving away that the nationwide lockdown would be extended beyond May 17. Starting today, finance minister Nirmala Sitharaman could roll out the package in a two-pronged approach.
However, gains would be capped due to weak global cues and a sharp contraction in the industrial activity. March industrial production contracted by a record 16.7 per cent.
On the results front, a total of 10 companies, including Maruti Suzuki India, MPhasis, and ABB are scheduled to announce their results.
On Tuesday, the 30-share benchmark index ended at 31371.12 down by -190.1 points or by -0.6 % and then NSE Nifty was at 9196.55 down by -42.65 points.
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