Nifty-Sensex-Pre Market Report : 19.03.2019
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Pre Session: Sensex, Nifty to open higher; L&T, RIL shares in focus
19/03/2019 08:41
Indian benchmark indices are likely to open higher on Tuesday ahead of the 34th GST Council meeting, due later in the day. According to news reports, the council will discuss and finalise the rules under which the new rate structure on under-construction houses will be implemented. Asian shares treaded water on Tuesday ahead of a US Federal Reserve policy meeting, hovering near six-month highs, while sterling was choppy as the speaker of Britain's parliament banned another vote on same Brexit deal. On the global front, the US Fed will begin its meeting on interest rates today, which ends with a news conference on Wednesday. Moreover, Prime Minister Theresa May's Brexit deal suffered new blow after Britain’s parliament banned another vote on same Brexit deal. The Indian rupee yesterday hit an eight-and-a-half month high of 68.53 a dollar on increased portfolio flow. Overseas investors have already poured Rs 22,340 crore into domestic equities this month. In the commodity market, oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC. Back home, bullish trends in the SGX Nifty Index Futures for March delivery, which were trading at 11,522.50, up by 11.50 points.
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