Nifty-Sensex-Pre Market View - 17.10.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open flat amid weak global cues
17/10/2019 08:32
Indian benchmarks are expected to start the day on a flat note with negative bias on Thursday tracking other Asian markets which were trading with a negative bias as soft US retail sales data raised concerns about the health of the world’s largest economy and a risk of a global recession.
Analysts said the ongoing US-China trade war has been keeping investors' confidence low and decreased the investment spending. Wall Street lost ground on Wednesday as weak US economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter earnings reports. The Dow Jones Industrial Average fell 22.82 points, or 0.08%, to 27,001.98, the S&P 500 lost 5.99 points, or 0.20%, to 2,989.69 and the Nasdaq Composite dropped 24.52 points, or 0.3%, to 8,124.18. Global stocks barely moved on Thursday as soft US retail sales data raised concerns about the health of the world’s largest economy and risk of global recession, while sterling was volatile as egotiations on a Brexit deal continued.Both MSCI's broadest index of Asia-Pacific shares outside Japan and Japan's Nikkei were little changed in early trade while US stock futures lost 0.15%. Back home, Investors would further eye corporate results that will give direction to the markets today.Today, as many as 19 companies, including DHFL, PVR, TVS Motor, and Zee Entertainment Enterprises, are scheduled to announce their September quarter results today. On Wednesday, the 30-share benchmark index closed trading at 38598.99 up by 92.9 points or by 0.24 % and then NSE Nifty was at 11464 up by 35.7 points.
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