Sensex, Nifty to open lower; SBI, HUL, ITC, Tech Mahindra in focus

Indian equity markets are likely to open in red amid escalating concerns in the global market and ahead of the Union Budget 2020 that will be tabled in the Parliament on Saturday. In the Economic Survey 2020, the GDP growth is expected to "strongly rebound" to 6-6.5 percent in 2020-21 from 5 percent estimated in the current fiscal. At 7:25 am, the SGX Nifty was trading 52 points or 0.43 percent lower at 11,987, indicating a negative start for the Sensex and Nifty50.