Sensex, Nifty Seen Opening Lower In Cautious Trade

(RTTNews) - Indian shares may open lower on Thursday, with rising coronavirus cases in the country and concerns over border disputes with China and Nepal likely to keep underlying sentiment cautious.

With 5,611 new Covid-19 cases and 140 new fatalities in the last 24 hours, the total tally of coronavirus infections in India stood at 1,06,750 on Wednesday, according to the health ministry.

Globally, more than 5 million people have been infected with the virus, while 3,25,810 have died.

On the earnings front, Bajaj Auto's quarterly profit remained largely flat and UltraTech Cement's Q4 profit surged threefold on account of a deferred tax reversal, while Jubilant FoodWorks reported a nearly 72 percent year-on-year fall in standalone net profit for the fourth quarter ended March.

Chennai Petroleum Corporation, a group company of India Oil, reported a standalone net loss of Rs 1624.73 crore in the quarter ended March.
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