Pre Market Report : 09.01.2019

Pre Market Report : 09.01.2019
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Pre Session: Sensex, Nifty seen opening higher on firm global cues; Tata Steel shares in focus
09/01/2019 08:44
Indian benchmark indices are likely to edge higher, tracking overnight gains in US stocks, ahead of the start of the earnings season. Asian shares inched up on Wednesday, supported by optimism the United States and China can strike a trade deal to avoid an all-out confrontation that will severely disrupt the global economy. The United States and China will continue trade talks in Beijing for an unscheduled third day on Wednesday, amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China's markets. U.S. President Donald Trump is increasingly eager to strike a deal with China soon in an effort to perk up financial markets that have slumped on concerns over the trade war, citing people familiar with internal White House deliberations. International Brent crude futures were up 42 cents, or 0.7 per cent, at $59.14 per barrel. Back home, bullish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,919.50 up by 82.00.

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