437: Sensex, Nifty to open lower; Telecom stocks, RIL, JSW Energy in focus
The Indian market is expected to open lower on Tuesday following global markets amid rising coronavirus threats as the death toll continued to increase. Additionally, Moody's downgrading India's growth projection is also likely to weigh on the market. The credit rating agency slashed India's growth forecast to 5.4 percent for 2020 from 6.6 percent projected earlier on slower than expected economic recovery. At 7:04 am, the SGX Nifty was trading 47 points or 0.39 percent lower at 12,026, indicating a weak start for the Sensex and Nifty50.
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