Sensex, Nifty Seen Opening Lower As China Virus Spreads

(RTTNews) - Indian shares may open lower on Monday as China virus fears intensified, helping raise demand for safe-haven assets such as gold, the Japanese yen and Treasury notes.

The death toll from China's new coronavirus grew to 80, with more than 2,700 people infected globally.

China extended the week-long Lunar New Year holiday by three days to Feb. 2 while Chinese-ruled Hong Kong said it would ban entry to people who have visited Hubei province in the past 14 days.

Domestic markets may turn volatile this week due to the monthly F&O expiry on Thursday and amid caution ahead of the Union Budget on Feb 1.

On the earnings front, Bajaj Auto, Bajaj Finance, HDFC, SBI, HUL and Maruti are among the prominent companies that will unveil their quarterly earnings results this week.
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