Nifty-Sensex-Pre Market Report : 29.07.2019
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Pre-Session: Sensex, Nifty likely to start in red; auto stocks eyed
29/07/2019 08:36
Indian Indices are expected to start the week on a flat to negative note amid weak cues from the global peers. Investors will be eyeing the quarterly earnings, and the US Fed's two-day policy review that begins Tuesday will are likely to set the tone for the markets today. Trends on SGX Nifty indicate a flat to negative opening for the broader index in India. Nifty futures were trading around 11,319-level on the Singaporean Exchange. Investors will also react to major results announced on Friday post-market hours and during the weekend. Auto stocks may be in focus in today's session after the Goods and Services Tax (GST) Council on Saturday cut tax rates on electric vehicles from 12 per cent to 5 per cent, whereas for EV chargers, it was reduced from 18 per cent to 5 per cent. The new rates will be effective from August 1. On Friday, the 30-share benchmark ended at 37882.79 up by 51.81 points or by 0.14 per cent, while the NSE Nifty was at 11284.3 up by 32.15 points.
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