Nifty-Sensex-Pre Market Report : 22.02.2019
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Pre Session: Sensex may open negative; ONGC, Jet Airways in focus
22/02/2019 08:50
Indian benchmark indices may open lower on Friday taking cues from Asian peers . Concerns about world economic growth following weak economic data from both US and Europe are likely to weigh. Back here, stock-specific action, crude oil prices and movement of rupee against the US dollar will also play a key role. Asian stocks were trading flat in the early trade following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States. Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets. The rupee skidded by 11 paise to close at 71.24 against the US dollar Thursday as rising oil prices and a strengthening greenback. Back home, bearish trends in the SGX Nifty Index Futures for February delivery, were trading at 10,784.50 low 29.00.
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