Indian stock market on Monday is likely to be lower as investors may react to the extension of the 21-day lockdown in few states, including Maharashtra.
SGX Nifty, which indicates the movement for Indian equities, suggests a negative opening. Other Asian indices also traded in the red in early deals.
Markets in Hong Kong and Australia are closed today for Easter Monday. The Department for Promotion of Industry and Internal Trade (DPIIT) has asked the home ministry to allow more industries to operate with reasonable safeguards even if the government decides to extend the nationwide lockdown beyond 14 April.
India’s economic growth is likely to range between 1.5% and 4% in FY21, depending on the severity of the spread of the covid-19