Pre Session: Gap down opening seen for Sensex, Nifty; Bharti Airtel, IDBI Bank Q2 eyed 31/10/2017

Pre Session: Gap down opening seen for Sensex, Nifty; Bharti Airtel, IDBI Bank Q2 eyed
31/10/2017
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND  : SELL ZONE

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Indian benchmark indices are likely to open lower on Tuesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and weak trend across global peers. Markets across Asia were trading lower following weak closing of the Wall Street in overnight trade, weighed down by disappointing corporate earnings and a report that US lawmakers are discussing gradual phase-in corporate tax cuts rather than reducing it all at once, says an Economic Times report. Back home, bearish trend in the SGX Nifty Index Futures for November delivery, which were trading at 10,389.00, down by 11.00 points.

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