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Sensex, Nifty Seen Flat To Lower At Open

(RTTNews) - Indian shares look set to open a tad lower on Wednesday after the country recorded the highest count of fresh Covid-19 cases in the world for the second day running.

India's daily death toll was also way higher than the fatalities reported in Brazil and the U.S, while the recovery rate among Covid-19 patients has risen to 66.31 percent.

The Finance Ministry noted in a latest monthly update that the worst seems to be over for the Indian economy, but the recovery is going to be very fragile.

Benchmark indexes Sensex and the Nifty jumped around 2 percent on Tuesday as the RBI's Monetary Policy Committee (MPC) began its three-day deliberations and a slew of encouraging economic data from Europe, China and the U.S. raised hopes for a quick economic rebound from the coronavirus pandemic. The rupee closed nearly unchanged at 75.04 against the dollar.

Asian markets are moving lower this morning after reports that senior U.S. and Chinese officials are planning to review the phase one trade agreement later this month.
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