Nifty-Sensex-Pre Market View - 27.09.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to start in red on Friday
27/09/2019 08:43
Indian benchmarks are expected to start the day on a negative note on Friday in the absence of any major domestic trigger.Trends on SGX Nifty also indicate a negative opening for the broader index in India. Nifty futures were trading around 11,595-level on the Singaporean Exchange.
As for today, market participants could react to Finance Minister Nirmala Sitharaman's statement that India’s economic growth could pick up in the October-March period as consumer demand is likely to improve ahead of festivities.That apart, movement in oil prices, the rupee's trajectory against the dollar and capital flow by foreign investors would steer the market. On the global front, Developments in the US President's Donald Trump impeachment inquiry might dent market sentiment. A whistleblower complaint against Trump has heightened uncertainties about the global economy, already reeling from Sino-U.S. trade war. The report alleges that Trump not only abused his office in attempting to solicit foreign interference in the 2020 U.S. election but that the White House also tried to “lock down” evidence about that conduct. The Dow Jones Industrial Average fell 79.59 points, or 0.3%, to 26,891.12, the S&P 500 lost 7.25 points, or 0.24%, to 2,977.62 and the Nasdaq Composite dropped 46.72 points, or 0.58%, to 8,030.66. Meanwhile, Asian shares were on course for a second straight week of losses on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.09%, having fallen 1.4% so far this week, while Japan’s Nikkei slid 0.54%. Back home, on Thursday, the 30-share benchmark ended at 38989.74 up by 396.22 points or by 1.03 % and then NSE Nifty was at 11571.2 up by 131 points.
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