Nifty-Sensex-Pre Market Report : 07.02.2019
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Pre Session: Sensex likely to open on a flat note, Tata Motors in focus
07/02/2019 08:49
Indian benchmark indices are likely to open on a flat note on Thursday. All eyes are set on the outcome of the Reserve Bank of India's (RBI) bi-monthly monetary policy meeting, which is slated to be unveiled at 11:45 am today. A rate cut looks dicey but the central bank is expected to change its stance from calibrated tightening to neutral. Asian share markets were in a muted mood on Thursday and looked set for a sleepy session with China still on holiday and no major economic data on the diary. Federal Reserve Chairman Jerome Powell said on Wednesday the US economy remains in a good place and has proved resilient so far to shocks like the British decision to leave the European Union. US stocks edged lower on Wednesday as videogame makers gave disappointing revenue forecasts and investors awaited developments on US-China trade relations. The rupee Wednesday ended almost flat at 71.56 per US dollar as participants preferred to wait for the Reserve Bank's interest rate decision for further cues. Back home, bearish trends in the SGX Nifty Index Futures for February delivery, were trading at 11,074.00 down 31.00.
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