Sensex, Nifty Seen Lower Amid Global Selloff

(RTTNews) - Indian shares may follow their global peers lower on Tuesday, though encouraging earnings results from the likes of HDFC and Indigo may help limit the downside to some extent.

Mortgage lender HDFC's quarterly profit jumped nearly four times on the back of fair value gain from the merger of Gruh Finance with Bandhan Bank.

IndiGo parent InterGlobe Aviation reported over twofold jump in profit for the December quarter on higher revenue.

Benchmark indexes Sensex and the Nifty fell more than 1 percent on Monday while the rupee fell by 10 paise to close at 71.43 against the U.S. dollar, extending losses for a third straight session.

Asian stocks are moving lower this morning as investors continued to fret about the economic and human impact of China's deadly coronavirus.
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