Nifty-Sensex-Pre Market Report : 12.02.2019

Nifty-Sensex-Pre Market Report : 12.02.2019
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Pre Session: Sensex to open flat; Axis Bank, Max India in focus
12/02/2019 08:50
Indian frontline indices are likely to open flat on Tuesday taking cues from December quarter results, movement of rupee against the US dollar and developments in the US-China trade talks. Asian shares barely budged on Tuesday with investors looking to a new round of Sino-US trade talks as the world’s two largest economies try to resolve a tariff dispute that has put a dent on global growth and corporate earnings. The rupee strengthened by 13 paise to close at 71.18 against the US dollar Monday on easing crude oil prices, even as the greenback strengthened vis-a-vis other major currencies. Back home, bearish trends in the SGX Nifty Index Futures for February delivery, were trading at 10,914.00 down 17.00.

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