Pre Market Report : 08.01.2019
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Pre Session: Sensex, Nifty seen opening higher; HFCL, TCS in focus
08/01/2019 08:47
Indian equities may open higher on Tuesday, tracking bullish trends in SGX Nifty Index Futures and mixed cues from global peers. Asian shares rose for the third straight session on Tuesday as investors bet that Washington and Beijing are inching towards a trade deal and that US Federal Reserve would halt its tightening if economic growth slows further. Gains in tech names allayed some fears, sparked by Apple's sales warnings last week, that the high-flying sector is starting to be hurt by the Sino-U.S. trade war. U.S. Commerce Secretary Wilbur Ross predicted on Monday that Beijing and Washington could reach a trade deal that "we can live with" as dozens of officials from the world's two largest economies resumed talks in a bid to end their trade dispute. Back home, bullish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,816.50 up by 11.50.
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