Nifty-Sensex-Pre Market Report : 01.02.2019
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Pre Session: Sensex likely to open positive; SBI, Vedanta in focus
01/02/2019 08:43
Indian domestic indices are likely to open positive on Friday and respond later in the day according to the Interim Budget. Asian shares ticked up to four-month highs on Friday on hopes the leaders from the United States and China could strike a trade deal and as the Federal Reserve appeared to have all but abandoned a plan to raise borrowing rates further. US oil prices edged higher on Friday, recovering from losses of nearly 1 percent in the previous session, as data showed major exporters are quickly reducing output in line with a supply cutting pact. The rupee Thursday edged higher by 4 paise to 71.08 against the US dollar amid weakness in the greenback in overseas markets after the US Fed kept interest rate unchanged. Back home, bullish trends in the SGX Nifty Index Futures for February delivery, were trading at 10,898.00 up by 42.50.
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