Pre Market Report : 21.01.2019
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Pre Session: Sensex, Nifty likely to open higher; HDFC, NTPC in focus
21/01/2019 08:56
Indian indices are likely to open higher on Monday. Asian markets were in limbo early on Monday ahead of data likely to show the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade. Investors are also waiting to hear British Prime Minister Theresa May’s ‘Plan B’ for Brexit which is due to be presented to parliament later on Monday. Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs. China On the earnings front, as many as 26 companies will declare their results for the quarter ended December on January 20 including Amtek Auto, HDFC AMC, Hindustan Zinc, JustDial, Kotak Mahindra Bank, Union Bank of India, etc. among others. Back home, bullish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,960.50 up by 25.50.
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