Nifty-Sensex-Pre Market Report : 12.07.2019
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Pre-Session: Markets likely to open in red; Macro data eyed
12/07/2019 08:39
Indian benchmarks are expected to start the day in red on Friday as per SGX Nifty indicated. Investors will today track a number of factors including June quarter results, India-US trade talks, macro data, and global cues. Infosys, IndusInd Bank, Karnataka Bank, Sangam (India), TRF, Hathway Cable & Datacom, GNA Axles, Infomedia Press, 3i Infotech, Reliance Industrial Infrastructure will declare their Q1FY20 results today. Private sector lender IndusInd Bank is expected to report a double digit growth in net interest income as well as pre-provision operating profit, but its bottomline could be subdued due to higher credit costs for the quarter ended June 2019. The investors will also watch closely the data for industrial production for May and consumer (CPI) inflation for June to be released later in the day. On Thursday, Sensex settled 0.7 per cent higher at 38,823 levels. The broader Nifty50 too settled 0.73 per cent higher at 11,583 levels. On the global front, Asian shares pulled back on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.05 per cent in early deals. Japan's Nikkei stock index also trimmed 0.11 per cent. The Dow and S&P 500 rose on Thursday to close at record highs. The Dow Jones rose 0.85 per cent, to 27,088, the S&P 500 gained 0.23 per cent, to 2,300.
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