Nifty-Sensex-Pre Market View - 13.09.2019: 09.00 Am
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Pre Session- Sensex, Nifty to open flat with negative bias on Friday
13/09/2019 08:34
The Indian benchmark indices are likely to open flat with a negative bias on Friday. Trends in the SGX Nifty Index Futures for September delivery, which were trading at 10,985.50, down by 6.00 points or 0.05 per cent, at 10:58 AM, Singapore Time, also indicated a flat start for local bourses.
Investors will look at global cues and stock-specific actions for market direction today.
Retail inflation rate of India, grew 3.21 percent in August, remaining within Reserve Bank of India's (RBI) target level of 4 percent, latest price data released by the Central Statistics Office (CSO) on September 12 showed. Retail inflation for July stood at 3.15 percent. US stocks advanced on Thursday, and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the US-China trade front and a promise of continued stimulus from the European Central Bank. Stocks in Asia advanced on Friday as hints of progress in the US-China trade dispute and aggressive stimulus from the European Central Bank helped to counter worries about a global economic slowdown. MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.2 per cent, while Japan’s Nikkei rose 0.4%. European Central Bank yesterday cut interest rates further below zero, to minus 0.5 per cent, and will start open-ended bond purchases at USD 22 billion a month starting November 1 as President Mario Draghi made a final run at reflating the euro-area economy. On the other hand, US President Donald Trump said he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact. On the currency front, the rupee climbed 52 paise to end at 71.14 against the US dollar on September 12 as signs of easing trade tensions between the US and China buoyed global markets. Back home, the 30-share benchmark index closed trading at 37104.28 down by -166.54 points or by -0.45 % and then NSE Nifty was at 10982.8 down by -52.9 points.
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