Nifty-Sensex-Pre Market Report : 11.02.2019
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Pre Session: Sensex likely to open flat, Tata Steel in focus
11/02/2019 08:55
Indian benchmark indices are likely to open negative on Monday, as macroeconomic data such as IIP and inflation numbers (CPI and WPI) are likely to set the tone for domestic stocks this week. CPI for January and IIP for December 2018 will be released on Tuesday while WPI inflation numbers will be unveiled on Thursday. Asian shares started the week on the backfoot on Monday as worries about global growth, US politics and the ongoing Sino-US tariff war kept investors cautious, while the safe-haven greenback held near a six-week top against major currencies. Wall Street's main equity indexes recouped losses late on Friday. Crude prices fell by around 1 per cent on Monday as US drilling activity picked up and as Russia’s biggest oil producer pressured President Vladimir Putin to end the supply cut deal with Middle East-dominated producer club OPEC. Back home, bearish trends in the SGX Nifty Index Futures for February delivery, were trading at 10,938.00 down 8.50.
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