Nifty-Sensex View - 17.02.2020: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open lower on Monday
17/02/2020 08:36
Indian benchmark indices are expected to open lower on Monday as the extent of the spread of the coronavirus will remain the key focus for investors. Within China, authorities reported 2,009 new cases on Sunday, taking the total to 68,500, with 1,665 deaths. Outside China, more than 500 cases have been confirmed.
Investors will also watch with keen interest the developments on the AGR front. According to reports, telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for the adjusted gross revenue (AGR) dues today. The three companies are jointly liable to pay dues of over Rs 1 trillion, but they have informed the Department of Telecom (DoT) of making only partial payment.
On Friday, the 30-share benchmark index ended at 41257.74 down by -202.05 points or by -0.49 % and then NSE Nifty was at 12113.45 down by -61.2 points.
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