Nifty-Sensex-Pre Market Report : 20.03.2019
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Pre Session: Sensex, Nifty to open flat; DLF shares in focus
20/03/2019 08:44
Indian benchmark indices are likely to open flat on Wednesday as trends on SGX Nifty indicate a flat to negative opening for the broader index in India. Asian shares got off to a cautious start on Wednesday, holding close to six-month highs on hopes the US Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year. The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve’s expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing US-China trade negotiations. On the commodity front, oil prices held close to four-month highs on Tuesday on expectations that OPEC would continue production cuts through the end of the year and ahead of official weekly US crude inventory data. Halting its six-day winning run, the Indian rupee Tuesday edged lower by 43 paise to close at 68.96 to the US dollar on emergence of demand for the greenback from importers. Back home, bearish trends in the SGX Nifty Index Futures for March delivery, which were trading at 11,571.50, low by 4.50 points.
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