Nifty-Sensex View - 13.03.2020: 09.00 Am
Pre-Session: Negative opening seen for Sensex, Nifty as global sell-off continues
13/03/2020 08:36
Domestic benchmark indices are expected to have another day of big red candles as global markets continued to tumble on coronavirus spread and the SGX Nifty plunged as much as 800 points.
India yesterday reported its first Coronavirus-linked death with the number of positive cases soaring to 78. Globally, over 134,670 cases have been reported worldwide with total deaths crossing 4,973.
Further, investors will react to macros data released yesterday after the market hours. India's retail inflation rate in February stood at 6.58 percent, according to data released on March 12. Retail inflation for the month of January was 7.59 percent.
February core inflation came in at 4.1 percent against 4.8 percent in January. Food prices, which is a gauge to measure changes in kitchen budgets, stood at 10.81 percent in February against 13.63 percent a month ago.
Further, India's industrial output grew 2 percent in January against a contraction of 0.3 percent in December, according to the Index of Industrial Production (IIP) data released by the government on March 12.
On Thursday, the 30-share benchmark indices ended at 32778.14 down by -2919.26 points or by -8.18 % and then NSE Nifty was at 9590.15 down by -868.25 points.
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