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Sensex, Nifty Set To Fall On Coronavirus Concerns

(RTTNews) - Indian shares may open sharply lower on Monday as investors monitor the latest developments related to the novel coronavirus outbreak and keep an eye on U.S. President Donald Trump's two-day visit to India. The upcoming expiry of February series derivative contracts may also keep markets volatile this week.

U.S. President Donald Trump and First Lady Melania Trump will arrive in Ahmedabad today to begin their two-day visit to India, but reports suggest that a major trade deal is unlikely to be signed during this visit.

Meanwhile, ninety-seven more people died in China due to coronavirus, taking the death toll to 2,442, officials said on Sunday,

South Korea has reported 161 new cases of the new deadly virus that has spread rapidly in the region surrounding its southwest city of Daegu, bringing its total number of cases to 763.

The virus has spread to 28 other countries and territories, with the IMF warning that the deadly coronavirus epidemic could put an already fragile global economic recovery at risk.
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