426: MarketBuzz Podcast with Nigel D'souza: Sensex, Nifty likely to extend losses; Maruti, PVR, Tata Motors in focus
Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are expected to extend losses on Monday after several Budget proposals such as no action on LTCG and hike in customs duty spooked investors. The two indices declined about 2.5 percent on the special trading session on Saturday.
Selloffs in global markets amid fears of coronavirus in China may also weigh on Indian shares. Chinese markets will reopen today following the Lunar New Year break.
At 7.20 AM, the SGX Nifty futures traded 306.50 points, or 2.56 prcent, lower at 11,680.50, indicating a negative start for the Sensex and the Nifty.
Among the stocks in news today, Maruti Suzuki, Tata Motors, Hero MotoCorp and Escorts reported January sales data.
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