Nifty-Sensex-Pre Market View - 29.10.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to start in green; Bharti Airtel in focus
29/10/2019 08:25
Indian benchmark indices are expected to start the day on a positive note on Tuesday. Trends on SGX Nifty also indicate a positive opening for the broader index in India. The Nifty futures were trading around 11,677-level on the Singaporean Exchange.Further, September quarter earnings and progress in US-China trade negotiations would be the key factors driving markets today. As many as 17 companies will declare their results for the September quarter today which include names like Bharti Airtel, Peronet LNG, Tata Metaliks, and Hindustan Zinc, etc. among others. Indian markets witnessed a revival in sentiment on the Muhurat Trading session held on October 27, as both Sensex and Nifty50 managed to close above crucial resistance levels. The Sensex closed 192 points, or 0.49 percent higher at 39,250.20 with 19 stocks in the green, while the Nifty closed 43 points, or 0.37 percent, up at 11,627. On the global front, US President Donald Trump said on Monday he expected to sign a significant part of the trade deal with China ahead of schedule. Additionally, the US trade representative also said they were studying whether to extend tariff suspensions on $34 billion of Chinese goods.The Dow Jones Industrial Average rose 132.25 points, to 27,090.31, the S&P 500 gained 16.79 points.
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