Nifty-Sensex View - 28.02.2020: 09.00 Am
Pre-Session: Sensex, Nifty likely to start on negative note today
28/02/2020 08:36
Indian shares look set to join a global selloff on Friday as coronavirus worries mounted. Global markets are headed for the worst week since the depths of the 2008 financial crisis on fears the coronavirus would become a pandemic and derail economic growth.
Investors will also await the GDP numbers for the third quarter of FY20 to be released later in the day. Most experts peg the number closer to 5 per cent while the median forecast of a Reuters poll of economists put annual economic growth at 4.7 per cent during the quarter which is marginally higher than 4.5 per cent in the previous quarter.
Oil prices tumbled for a fifth day on Thursday to their lowest level in more than a year, Brent crude dropped $1.25, or 2.3%, to settle at $52.18 a barrel, off the session low of $50.97 a barrel, which was the lowest since December 2018.
On Thursday, the 30-share benchmark index ended at 39745.66 down by -143.3 points or by -0.36 % and then NSE Nifty was at 11633.3 down by -45.2 points.
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