Nifty-Sensex-Pre Market Report : 15.02.2019
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Pre Session: Sensex likely to open flat; Jet Airways in focus
15/02/2019 08:39
Indian benchmark indices are likely to start on a flat note on Friday taking cues from the global markets, movement in oil prices and rupee. Apart from this, stock specific actions are likely to continue amid the oncoming December quarter results. US retail sales tumbled 1.2 per cent in December, recording their biggest drop since September 2009 as receipts fell across the board. The shockingly weak report led to economic growth estimates for the fourth-quarter being cut to below a 2.0 percent annualised rate, with the Atlanta Fed forecasting a 1.5 percent growth, much below its previous forecast of 2.7 percent about a week ago. Asian stocks slipped on Friday after grim US retail sales figures raised fresh doubts about the strength of the US economy, offsetting optimism on trade talks between the United States and China. Back home, bullish trends in the SGX Nifty Index Futures for February delivery, were trading at 10,795.00 up 2.00.
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