417: Sensex, Nifty to open lower; NBCC, Just Dial, NMDC in focus
Indian shares are expected to open lower on Tuesday after IMF cut India’s GDP growth forecast to below 5 percent. Cautious sentiment in global markets may also weigh on the Sensex and the Nifty50. The SGX Nifty was also indicating a negative start for the domestic market. It was trading 20 points or 0.16 percent lower at 12,252.50 at around 6:49 am. Investors will track Federal Bank, ICICI Securities and Bank of Maharashtra, which reported Q3FY20 earnings. NBCC, which bagged a Rs 720 crore contract, and NMDC, which announced price hikes, will also be in focus. Here is a list of stock to watch out for in today’s trade: NBCC, Just Dial, NMDC, ICICI Securities amongst others.
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