Nifty-Sensex-Pre Market Report : 31.01.2019
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Pre Session: Sensex likely to open positive; ICICI Bank, NTPC in focus
31/01/2019 08:49
The domestic stocks are likely to open positive and set to see a strong opening on Thursday, tracking dovish comments by the US Federal Reserve on its interest rate trajectory. Asian stocks rose to a four-month high on Thursday, tracking Wall Street, after the Federal Reserve pledged to be patient with further interest rate hikes, signaling a potential end to its tightening cycle amid signs of slowing global growth. US oil prices edged up on Thursday to extend gains into a third session, with widely watched data showing signs of tightening supply in the United States. The rupee Wednesday ended almost flat at 71.12 against the US dollar as forex traders preferred to sit on the fence while awaiting cues from key upcoming events like US Fed policy and India's Union Budget. Back home, bullish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,719.00 up by 82.50.
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