Nifty-Sensex View - 09.03.2020: 09.00 Am
Pre-Session: Gap-down opening likely for domestic bourses today
09/03/2020 08:33
Indian benchmark indices are expected to start the day in red on Monday as the rapid spread of the novel coronavirus across the world and the unfolding YES Bank crisis are likely to keep the mood on the Dalal Street subdued.
As per media report, new cases for coronavirus continued to rise across the world. More than 107,000 people have been infected worldwide and 3,600 have died till now. In Italy, the government has ordered a lockdown of large parts of the north of the country. Back home, five more people from Kerala have tested positive for coronavirus, taking the total number of cases in India to 39.
Market participants will also keenly watch the YES Bank developments especially after the Enforcement Directorate on Sunday arrested the bank's co-founder Rana Kapoor under money laundering charges. The agency alleged that Kapoor and his family set up over a dozen shell firms to allegedly receive kickbacks to the tune of Rs 4,300 crore.
On Friday, the 30-share benchmark index ended at 37576.62 down by -893.99 points or by -2.32 % and then NSE Nifty was at 10989.45 down by -279.55 points.
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