Pre Market Report : 02.01.2019
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Pre Session: Sensex, Nifty to open flat; Tata Motors, Jet Airways in focus
02/01/2019 08:56
Indian benchmark indices are likely to open flat on Wednesday tracking muted trend seen in other Asian market. Markets likely to take cues from Asian shares that crept cautiously higher as early gains in US stock futures spoke of some improvement in risk appetite. The hope on Wall Street is that the underlying economy of the United States is sound, that the recent selling will burn itself out and that stocks will resume their record-setting climb. But the risk is that the plunge, the worst annual decline in a decade, could be the start of something more sinister. On Tuesday, the rupee today closed at 69.4475 a dollar against its previous close of 69.7700 per dollar. US oil began 2019 in positive territory on Wednesday, although the general outlook for the year is weak amid soaring US crude supply and concerns of an economic slowdown. Back home, bullish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,924.50 up by 2.00.
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