Sensex Opens Flat; Chinese Index Sheds 9% On Coronavirus Fears

Benchmark indices opened the day flat, after a pounding on Saturday, following the budget announcements, in which the Sensex had shed as much as 1,000 points.

The week has begun on a slightly weak note, with the Sensex trading lower by 84 points, as Asian markets plunged following worries over world economic growth due to the corona virus scare.

Trade seems to have been adversely affected with noted US companies choosing to shutdown certain operation lines in China. Investors fear that China is a major global player, and a prolonged shutdown of regions, due the corona virus scare could lead to a fall in global growth rates.

Shares in Coal India gained ground, as the production of the company rose in the month of January. The stock was up 2 per cent, in a weak market.

Eicher Motors was down more than 2 per cent, after the company reported a 13 per cent decline in units sold, month on month.

Shares in Chambal Fertilizers jumped 2 per cent, after the company's consolidated net profit jumped to Rs 479.2 crore against Rs 159.6 crore YoY.

Markets are expected to be volatile, due to the global scenario and also disappointment from the Union Budget. It's advisable to exercise caution before investing.