Nifty-Sensex-Pre Market Report : 09.07.2019
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Pre-Session: Mayhem on D-street to continue on Tuesday
09/07/2019 08:33
Indian benchmarks are likely to open negative on Tuesday as concerns over certain Union Budget proposals, weak global cues, and June quarter earnings will dominate investor sentiment. On Monday, Taxation jitters hit D-Street as higher taxation proposed for the foreign portfolio investors (FPIs) in the Budget 2019 dented sentiments. Additionally, the absence of any fiscal stimulus as well as 20 per cent tax on buyback of shares done by companies resulted in a mayhem on D-Street. The 30-share benchmark index closed at 38720.57 down by 792.82 points.
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