Nifty-Sensex View - 22.06.2020: 09.00 Am
Pre-Session: Flat opening likely for Sensex, Nifty today
22/06/2020 08:41
Domestic bourses are expected to start the day on a flat note with negative bias on Monday on the back of similar trend in global indices. Geopolitical developments, trend in Covid-19 cases, and March quarter earnings are likely to be the key triggers for the markets today.
Eight days after recording 3 lakh Covid-19 cases, India went past the 4 lakh-mark on Sunday with the biggest single-day spike of 15,915 new infections, while the death toll rose to 13,294, according to Worldometer. Globally, over 89 lakh people have been infected so far. Some countries are witnessing a second-wave with the most notable resurgence seen in China’s capital Beijing. As such, trend in Covid-19 infections in India and globally will remain a key monitorable for market participants.
Investors will also keep a keen eye on the vaccine front. Hetero will launch remdesivir, an injectable drug from Gilead, to treat hospitalised Covid-19 patients this week. Traders will also monitor the escalating tensions between India and China.
On Friday, the 30-share benchmark index ended at 34731.73 up by 523.68 points or by 1.53 % and then NSE Nifty was at 10244.4 up by 152.75 points.
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