Nifty-Sensex-Pre Market View - 09.09.2019: 09.00 Am
Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)
Whatsapp Number : 91-9094047040 / 91-9841986753
RUPEEDESK - SHARE MARKET TRAINING
Pre Session- Sensex, Nifty likely to open positive on Monday
09/09/2019 08:29
The Indian benchmark indices are likely to open on a positive note on Monday amid key macroeconomic data points, global cues, and expectations of more stimulus measures from the government affecting investor sentiment this truncated week. Trends in the SGX Nifty Index Futures for September delivery, which were trading at 10,975.00, up by 15.50 points or 0.14 per cent, at 10:40 AM, Singapore Time, also indicated a positive start for local bourses. Investors think that the index witnessed smart buying but analysts still feel that traders should wait for a breakout or a breakdown before initiating fresh positions. Stocks in Asia eked out modest gains on Monday, amid a cautious market mood as investors pinned expectations on likely stimulus to support growth in the world’s major economies, which showed further signs of struggle. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1%. Australian stocks edged up 0.1%, South Korea's KOSPI rose 0.8% and Japan's Nikkei was up 0.5%. Dow Jones Industrial Average rose 69.45 points, or 0.26%, at 26,797.6, the S&P 500 gained 2.72 points, or 0.09%, to 2,978.72 and the Nasdaq Composite dropped 13.75 points, or 0.17%, at 8,103.07. On the macro front, the country's foreign exchange reserves fell by USD 446 million to USD 428.604 billion in the week to August 30, mainly on account of a drop in foreign currency assets. On the currency front, the Indian rupee rose 12 paise to settle at 71.72 against the US dollar as signs of easing trade tensions between the US and China enthused investors. Government has constituted a high-level task force to identify infrastructure projects for Rs 100 lakh crore investment by 2024-25 as India aims to become a USD 5 trillion economy. Finance Ministry stated that the task force, headed by the economic affairs secretary, will draw up a 'National Infrastructure Pipeline' of Rs 100 lakh crore. Back home, the 30-share benchmark index closed trading at 36981.77 up by 337.35 points or by 0.92 % NSE Nifty was at 10946.2 up by 98.3 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
