Nifty-Sensex-Pre Market Report : 26.03.2019
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Pre Session: Sensex, Nifty likely to open positive; Airtel, DLF shares in focus
26/03/2019 08:46
The Indian benchmark indices are likely to open higher on Tuesday as trends on SGX Nifty indicate a positive opening for the broader index in India. The domestic equity market today is likely to be guided by stock-specific action, movement of rupee against the US dollar, oil prices, and FII inflows. Asian shares were shaky on Tuesday after US Treasury yields sank to their lowest since late 2017, further below short-term interest rates and adding to fears of a US recession. On the global front, investors have been spooked by sharp falls in US bond yields and an inversion of the US Treasury yield curve, which is widely seen as an indicator of an economic recession. The 10-year US Treasury yield dropped to 2.405 per cent, having shed 5 basis points on Monday. British lawmakers on Monday wrested control of the parliamentary agenda from the government for a day in a highly unusual bid to find a way through the Brexit impasse after Prime Minister Theresa May’s EU divorce deal was rejected again. Oil prices firmed on Tuesday, pushed up by ongoing supply cuts led by producer club OPEC and by US sanctions on Iran and Venezuela, but analysts warned that signs of a sharp economic slowdown could soon drag on crude markets. The rupee ended almost flat at 68.96 per US dollar Monday as participants preferred to wait on the sidelines to see the outcome of RBI's first-ever rupee-dollar swap auction. Back home, bullish trends in the SGX Nifty Index Futures for March delivery, which were trading at 11,374.00, low by 9.00 points.
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