Nifty-Sensex-Pre Market View - 12.09.2019: 09.00 Am
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Pre Session- Sensex, Nifty to open positive amid strong global cues
12/09/2019 08:25
The Indian benchmark indices are likely to open higher on Thursday amid positive global cues. Trends in the SGX Nifty Index Futures for September delivery, which were trading at 11,069.50, up by 32.50 points or 0.29 per cent, at 10:44 AM, Singapore Time, also indicated a positive start for local bourses. Investors think that the global factors such as US-China trade war development, Brexit, etc. and macro data (CPI, IIP), set to be released later in the day, will provide direction to the markets. Also, European Central Bank (ECB) meet scheduled later today in which it is expected to announce more support for the economy, will be eyed by market participants across the globe. US stocks moved higher on Wednesday, led by tariff-sensitive technology and industrial stocks after China extended an olive branch ahead of next month’s trade negotiations with the United States. Stocks in Asia rose on Thursday on hopes for a thaw in US-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks. On the currency front, the rupee settled higher by 5 paise at 71.66 against the US currency on Wednesday, extending gains for a fifth straight session on the back of firm domestic equities and Asian currencies like the Chinese yuan. Back home, the 30-share benchmark index closed trading at 37270.82 up by 125.37 points or by 0.34 % and then NSE Nifty was at 11035.7 up by 32.65 points.
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