Nifty-Sensex-Pre Market Report : 15.03.2019
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Pre Session: Sensex, Nifty seen positive opening; IDBI shares in focus
15/03/2019 08:40
Indian benchmark indices are likely to open on a positive note on Friday as trends on SGX Nifty indicate a positive opening for the broader index in India. Asian stocks made modest gains on Friday, tracking improved global sentiment after UK lawmakers voted to delay Brexit, but a fresh flare up in US-China trade concerns is expected to cap gains. A meeting between US President Donald Trump and Chinese President Xi Jinping to resolve the ongoing trade war won't take place this month and is more likely to occur in April at the earliest, Bloomberg reported on March 14. Oil prices were steady on Friday, supported as production cuts led by OPEC and US sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019. But oil prices have been capped by concerns that an economic slowdown will soon start denting growth in fuel demand. The rupee appreciated by 20 paise to close at a seven-month high of 69.34 against the US dollar on Thursday, extending gains for the fourth session in a row, on robust foreign inflows ahead of general elections. Back home, bullish trends in the SGX Nifty Index Futures for March delivery, which were trading at 11,401.00, up by 16.00 points.
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