Nifty-Sensex-Pre Market Report : 15.05.2019
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Pre Session: Sensex, Nifty likely to open flat; Lupin shares in focus
15/05/2019 08:35
The Indian domestic benchmark indices are likely to open on a flat note on Wednesday taking cues from US-China trade negotiations and crude oil price movement apart from Q4 earnings of various companies. Asian stocks struggled near a 3-1/2-month low on Wednesday on lingering concerns over the economic impact of a US-China trade war, although an overnight bounce on Wall Street helped limit the losses. US stocks climbed in overnight trade as investors were heartened by a tonal shift in US-China trade rhetoric, Reuters reported. With Wall Street turning bearish on the Chinese yuan, it is bad news for the rupee, which now appears to be heading to its record low against the dollar amid escalating trade tensions. Back home, bearish trends in the SGX Nifty Index Futures for May delivery, which were trading at 11,265.50, up by 4.50 points.
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