Nifty-Sensex-Pre Market Report : 08.02.2019
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Pre Session: Sensex likely to open negative, Tata Motors, Fortis in focus
08/02/2019 08:48
Indian benchmark indices are likely to open negative on deteriorating global outlook and waning hopes of a solution to the US-China trade tussle on Friday. Asian stocks slipped on Friday as investors fretted about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the US-China trade row. Worries over global economic slowdown after the European Commission on Thursday sharply cut its forecasts for eurozone economic growth in 2019 and 2020 are likely to affect the indices. The rupee Thursday appreciated by 11 paise to close at 71.45 against the US dollar after the Reserve Bank of India cut the repo rate and changed its policy stance to 'neutral'. Back home, bearish trends in the SGX Nifty Index Futures for February delivery, were trading at 11,081.00 down 14.00.
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