Nifty-Sensex View - 06.03.2020: 09.00 Am
Pre-Session: Sensex, Nifty likely to open in red amid global sell-off
06/03/2020 08:36
Gap down opening is predicted for domestic bourses on Friday. This follows a drop in the US stocks, that plunged during the overnight trade on Thursday, as a new wave of fear about the spread of the coronavirus and its economic impact gripped investors.
The coronavirus outbreak has now spread to nearly 80 countries. A total of 97,873 cases have been reported worldwide and 3,353 people have died of the virus. In India, the number of confirmed cases stands at 30.
In another major development, the Reserve Bank of India yesterday superseded the board of YES Bank and imposed a 30-day moratorium on it citing its poor financial conditions. As such, depositors will not be allowed to withdraw more than Rs 50,000 without written permission from the RBI till the moratorium is in place. Besides, the State Bank of India yesterday said its board had given in-principle approval to consider an “investment opportunity” in YES Bank although no decision had yet been taken to pick up stake in the bank. The stocks of the two banks are therefore expected to trade actively today.
On Thursday, the 30-share benchmark index ended at 38470.61 up by 61.13 points or by 0.16 % and then NSE Nifty was at 11269 up by 18 points.
Whatsapp Number : 91-9094047040 / 91-9841986753
Book Trial for 2 days - Whatsapp 9841986753
Currency USDINR Tips
Currency USDINR Tips
Commodity CRUDEOIL Tips
Index Nifty and Stock Options Tips
Register for 2 days Trial - Whatsapp - 9841986753