Market Ahead, February 13: All you need to know before the Opening Bell
Coronavirus
concerns,
corporate results, and macro data will be the top triggers for Indian
indices today. Investors might turn cautious after China's Hubei
province reported a record rise in the coronavirus death toll on
Thursday, as global health experts warned the epidemic could get far
worse before it is brought under control. Health officials in Hubei
province said 242 people had died from the flu-like virus on
Wednesday that brought the total number of deaths in the province to
1,310.
Market
participants will also react to macro numbers released post market
hours yesterday. Retail inflation in January rose to a multi-year
high of 7.59 percent, while industrial output contracted 0.3 percent
in December, against a growth of 1.8 percent in November, data
showed. The figures might dent investors' outlook on the revival in
the Indian economy.
On
the results front, almost 615 companies, including BPCL, Page
Industries, Nestle India, and Apollo Hospitals Enterprise, are
scheduled to announce their December quarter results today.
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