Pre Market Report : 11.01.2019
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Pre Session: Sensex, Nifty may open higher on positive global cues; Infosys, TCS in focus
11/01/2019 08:34
Indian equity benchmark indices are likely to kick off Friday’s session on a positive note, as US stocks gained for the fifth day in overnight trade, and Asian markets are upbeat, trading around one-month highs in early trade. Asian stocks inched higher to one-month highs on Friday, after Federal Reserve Chairman Jerome Powell reiterated the US central bank can be patient in approving any further rate increases as officials gauge whether the U.S. economy will slow this year. Wall Street extended its rally into a fifth straight day on Thursday in a session of whipsaw trading as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy’s pummeled retail stocks. Back home, bullish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,884.00 up by 23.00.
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