Nifty-Sensex-Pre Market View - 06.09.2019: 09.00 Am
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Pre Session- Sensex, Nifty to open higher; JSW Steel shares in focus
06/09/2019 08:28
The Indian benchmark indices are likely to open higher on Friday. Trends in the SGX Nifty Index Futures for September delivery, which were trading at 10,897.00, up by 34.50 points or 0.32 per cent, at 10:49 AM, Singapore Time, also indicated a positive start for local bourses. US stocks rose on Thursday on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong US economic data eased fears of a domestic slowdown. The Dow Jones Industrial Average jumped 1.41% to end at 26,728.15 points, while the S&P 500 gained 1.30% to 2,975.97. The Nasdaq Composite surged 1.75% to 8,116.83. Asian stocks tracked global peers and rose on Friday while safe havens such as government bonds and the yen were sold amid signs of easing US-China trade tensions and as firm US economic data bolstered risk appetites. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2%, putting it on track for a 2% weekly gain - which would make it the best week since mid-June. Australian stocks gained 0.5%, South Korea's KOSPI rose 0.3% and Japan's Nikkei advanced 0.6%. On the currency front, the rupee settled higher 28 paise at 71.84 against the US dollar on Thursday as investor sentiment revived after China and the United States said they will resume trade talks. On the macro front, the online loan platform ‘PSB Loans in 59 Minutes’ has launched in-principle retail loan approval for home and personal loan customers. The platform is currently offering loan approvals to MSME sector. Among others, the National Company Law Tribunal (NCLT) on Thursday approved JSW Steel Ltd.’s USD 2.7 billion bid for Bhushan Power & Steel Ltd., the second major steel asset the mill has bagged under the nation’s new insolvency process. Back home, the 30-share benchmark index closed at 36644.42 down by -80.32 points or by -0.22 % and then NSE Nifty was at 10847.9 up by 3.25 points.
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