Nifty-Sensex-Pre Market Report : 22.03.2019
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Pre Session: Flat opening seen for Sensex, Nifty; Mindtree shares in focus
22/03/2019 08:37
The frontline indices are likely to open flat on Friday as trends on SGX Nifty indicate a flat opening for the broader index in India. Asian shares advanced after upbeat data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve’s cautious outlook on the world’s biggest economy. The US Federal Reserve at its March meeting said it would be patient in changing policy rates. The move comes in the backdrop of global economic concerns and muted inflationary pressures. Oil prices on Friday hovered close to 2019 peaks reached the previous day, propped up by supply cuts led by producer club OPEC and by US sanctions against Iran and Venezuela. The rupee Wednesday recovered by 13 paise to close at 68.83 against the US dollar amid sustained buying by foreign investors in domestic equity markets and lower crude prices. Back home, bearish trends in the SGX Nifty Index Futures for March delivery, which were trading at 11,581.00, low by 11.00 points.
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