Pre Session: Markets may open lower amid weak Asian cues 26/06/2018

Pre Session: Markets may open lower amid weak Asian cues
26/06/2018
NIFTY FUT  TREND           : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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The Indian benchmark indices are set to open lower on Tuesday amid weak cues from other Asian peers.

The Asian markets have opened on a lower note as mounting trade tensions between the United States and other major economies continued to steer investors away from riskier assets, while Wall Street closed lower in the previous trading session as an escalating trade dispute between the United States and other leading economies battered US stocks.

On the economy front, the markets may react to a report that investments through participatory notes into Indian capital markets plunged to over 9-year low of more than Rs 93,000 crore at May-end amid stringent norms put in place by Sebi.

Also, retirement fund body EPFO trustees will consider widening the range of equity linked schemes or exchange traded funds (ETFs) to maximise returns on its investments in stock markets.

Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,719, down by 41.50 point.
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