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Investors would on Monday kick off the week reacting to a couple of major quarterly earnings and the government measures announced over the weekend to deal with the Covid crisis. Record Covid cases in India, extension of the lockdown in Delhi and a depreciating rupee could hurt foreign portfolio flows and may ensure any upside in the market gets sold off.
Here s breaking down the pre-market action:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 31.50 points, or 0.22 per cent, higher at 14,371.50 in signs that Dalal Street was headed for a positive start on Monday.
Tech View: Nifty charts showing weakness