Pre Market Report : 24.12.2018
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Pre-Session: Flat opening seen for Sensex, Nifty; GST rate cut in focus
24/12/2018 08:50
Indian equities may open on soft note on Monday amid fall in crude oil prices, tracking bullish trends in SGX Nifty Index Futures, following with GST rate cut on 23 items, developments around the US government shutdown and muted cues from global peers. Overseas, the Asian stocks were trading mixed, following a lower closing at Wall Street in overnight trade, as investors fretted that political instability in the United States was leaving the country rudderless at a time when the global economy was showing signs of faltering. Moves were limited by a holiday in Japan while many bourses are set to close early for Christmas. The markets will remain closed on December 25 on account of Christmas. Back home, bullish trends in the SGX Nifty Index Futures for December delivery, which were trading at 10,774.50, up by 14.50 points.
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