Nifty-Sensex View - 03.02.2020: 09.00 Am
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Pre-Session: Flat start likely for domestic bourses on Monday
03/02/2020 08:31
Indian benchmark indices are expected to start the day on flat note on Monday. India's equity markets may react to the fine-print of the Union Budget 2020 after Saturday's immediate reaction, but the focus will largely shift to quarterly earnings and rapidly spreading coronavirus.
On the corporate earnings front, a total of 76 companies are scheduled to announce their quarter earnings today. IG Petrochemicals, Tata Chemicals, Ujjivan Financial Services, HUDCO among others.
On the macro data front, Markit Manufacturing PMI data for January will be released today and Services PMI numbers on Wednesday.
On Saturday, giving a thumbs down to the Budget, the market benchmark Sensex logged its biggest single-day plunge in nearly five years. The 30-share benchmark index ended at 39735.53 down by -987.96 points or by -2.43 % and then NSE Nifty was at 11661.85 down by -300.25 points.
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