Nifty-Sensex-Pre Market Report : 21.02.2019
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Pre Session: Sensex likely to open negative; PNB, Union Bank in focus
21/02/2019 08:56
Indian domestic indices may open lower on Thursday tracking weakness in Nifty futures trading on Singapore Exchange. Asian shares held near 4-1/2-month highs on Thursday after US Federal Reserve minutes affirmed it would be patient on interest rate rises. Oil prices hovered just below 2019 highs on Thursday, bolstered by OPEC-led supply cuts and US sanctions on Venezuela and Iran. Gold prices were firm near a 10-month peak on Thursday, with the dollar holding steady in the wake of minutes from the latest US Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year. Snapping a four-session downturn, the rupee appreciated by 23 paise to end 71.11 against the US dollar on Wednesday amid easing oil prices and a firm greenback. Back home, bearish trends in the SGX Nifty Index Futures for February delivery, were trading at 10,731.00 low 36.00.
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