Nifty-Sensex-Pre Market View - 18.10.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open in red; RIL in focus
18/10/2019 08:34
Indian benchmarks are expected to start the day on a negative note on Friday.Corporate earnings, global cues, and minutes of RBI's October monetary policy meeting will be the top factors that will steer the markets today. About 22 companies, including Reliance Industries, ICICI Lombard, and Ambuja Cements, are scheduled to report their September quarter earnings later in the day. With an improvement in refining margins, Reliance Industries is expected to report a strong quarter for the July-September period. Analysts expect refining to offset weakness in petrochemicals and a lower tax rate benefit for the retail and telecom businesses. Domestic indices may track the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to show weaker growth. Globally, Wall Street advanced on Thursday. The Dow Jones Industrial Average rose 0.09 per cent, the S&P 500 gained 0.28 per cent, and the Nasdaq Composite added 0.4 per cent. Asian stocks edged higher on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.1 per cent in early trade, echoing Wall Street's small gains. Australian shares were off 0.6 per cent, while Japan's Nikkei added 0.5 per cent. Back home, on Thursday, the 30-share benchmark ended at 453.07 points or by 1.17 % and then NSE Nifty was at 11586.35 up by 122.35 points.
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