Pre Market Report : 10.01.2019
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Pre Session: Indices likely to open higher; TCS, Raymond shares in focus
10/01/2019 08:41
Indian domestic benchmark indices are likely to open higher, tracking dovish Fed minutes and China's commentary on progressive trade talks with US. Asian shares began cautiously on Thursday, struggling to rise after a multi-day rally as markets await more news on US-China trade talks that have raised hopes of a deal to avert an all-out trade war. China’s commerce ministry said on Thursday trade talks with the United States this week were extensive and detailed, and established a foundation for the resolution of each others’ concerns. Oil prices fell by 1 per cent on Thursday on swelling US supply, although the mood in global markets was increasingly confident amid hopes the United States and China may soon end trade disputes that have undermined global economic growth. The rupee Wednesday extended its losses by another 25 paise to close at 70.46 as continued rise in global oil prices weighed on sentiments. Back home, bullish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,901.50 up by 26.00.
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