Nifty, Sensex fall as China virus spreads; metals stocks slide [Reuters]
Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL)
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Source: Reuters
Nifty, Sensex fall as China virus spreads; metals stocks slide BENGALURU (Reuters) - Indian shares followed Asian peers lower on Monday, dragged down by metals stocks, as fears about the economic impact of China’s spreading virus outbreak curbed risk appetite. Japan's Nikkei average .N225 and U.S. S&P 500 mini futures each fell sharply, and oil prices slumped 2% to multi-month lows, amid news that the ability of the coronavirus to spread is getting stronger, with the death toll from the virus rising to 80. NSE Nifty 50 index .NSEI was down 0.44% at 12,194.00 by 0420 GMT, while the S&P BSE Sensex .BSESN was 0.43 lower at 41,32.75. “It is a global scare. It has a global economic impact and impacts commodity prices,” said Deepak Jasani, head of retail research at HDFC Securities Ltd in Mumbai. “Foreign investors may want to reduce positions across markets.” Analysts also expect Indian markets to remain volatile until the announcement of the federal budget on Saturday, which may include g
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