Pre Market Report : 20.12.2018
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Pre Session: Sensex, Nifty seen opening lower on weak global cues amid FOMC outcome
20/12/2018 08:39
Indian equities may open lower on Thursday, tracking bearish trends in SGX Nifty Index Futures and weak cues from global peers. Overseas, the Asian stocks were trading lower, after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes next year, dashing investor hopes for a more dovish policy outlook. Interest rates were increased by 25 basis points (bps) to a target range of 2.25 per cent to 2.5 per cent but forecast fewer rate hikes for 2019. Back home, bearish trends in the SGX Nifty Index Futures for December delivery, which were trading at 10,900.50, down by 85.50 points.
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