Nifty-Sensex-Pre Market Report : 05.02.2019
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Pre Session: Sensex likely to start on a flat note; PNB, Future Retail in focus
05/02/2019 08:52
Indian benchmark indices are likely to start on a flat note on Tuesday. Except Japan in Asia, trade was light, with markets in greater China, South Korea, Singapore and Indonesia are all closed for the Lunar New Year. Recent US data and the Federal Reserve’s dovish turn kept lifting Asian stocks early on Tuesday, while the dollar held the upper hand against its rivals. In the overnight trade, US stocks ended higher on Monday, with all three major indexes closing near session highs as sustained optimism on the prospects for US-China trade relations propelled technology shares. US oil prices inched up on Tuesday. US West Texas Intermediate (WTI) crude futures were at $54.73 per barrel at 5:50 am, up 16 cents from their last settlement. Back home, bullish trends in the SGX Nifty Index Futures for February delivery, were trading at 10,968.00 up by 20.00.
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