Pre Market Report : 23.01.2019
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Pre Session: Sensex likely to open flat amid global cues, Q3 results; ITC in focus
23/01/2019 08:52
The benchmark indices are likely to trade in a range on Wednesday due to global headwinds in the form of uncertainty over the acceptance of the alternate plan for Brexit and global growth concerns. Asian stocks edged down on Wednesday on mounting signs of slowing global growth and anxiety over a yet-unresolved Sino-US trade dispute. The Federal Reserve and other major central banks are right to rethink their plans to tighten monetary policy in 2019 as global growth slows. Oil prices stabilised on Wednesday after steep falls in the previous session, when markets were dragged down by growing concerns about an economic slowdown. Back home, bullish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,943.00 up by 11.00.
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