Nifty-Sensex-Pre Market View - 21.08.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to start in red on Wednesday
21/08/2019 08:42
Indian benchmarks are expected to start the day in red on Wednesday. Another volatile trading session is expected today as global cues, rupee trajectory, and oil price movement are likely to steer market direction today. Besides, expectations of any announcement for a stimulus package to revive the economy is likely to keep investors on the sidelines. Further, all eyes would be on the Reserve Bank of India's minutes of the latest Monetary Policy meeting, which is scheduled to be released later in the day. Earlier, the central bank lowered the repo rate by 35 basis points to 5.40 per cent during its August meeting. Further, SEBI's board will meet in Mumbai today during which it may introduce a slew of reforms, including greater checks on credit rating agencies and for rewarding informants in insider trading cases with up to Rs 1 crore reward, among other things. On Tuesday, the 30-share benchmark index closed at 37328.01 down by -74.48 points or by -0.2 % and then NSE Nifty was at 11017 down by -36.9 points.
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