Nifty-Sensex-Pre Market View - 04.09.2019: 09.00 Am
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Pre Session- Benchmark indices are likely to open on a positive note
04/09/2019 08:26
The Indian benchmark indices are likely to open on a positive note on Wednesday. Trends in the SGX Nifty Index Futures for September delivery, which were trading at 10,866.00, up by 46.50 points or 0.43 per cent, at 10:38 AM, Singapore Time, also indicated a positive start for local bourses. The Foreign exchange dealers have come under the scanner of central probe agencies for allegedly misusing the facility of remitting money abroad including the liberalised remittances scheme (LRS) of the Reserve Bank of India (RBI). US stocks dropped on Tuesday as investors worried about global growth prospects after data showed US factory activity shrank in August for the first time since 2016 and the United States and China imposed new tariffs on each other over the weekend. Selling pressure dashed hopes of any pullback rally and wiped out gains made in the week gone by. Crucial support is placed at 10,750 and below that 10,682-10,637. Bearish investor sentiment stemmed from weak GDP numbers and a host of other domestic and global factors are expected to dominate proceedings in today's trading session. Back home, the 30-share benchmark index ended at 37332.79 up by 263.86 points or by 0.71 % and then NSE Nifty was at 11023.25 up by 74.95 points.
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