Nifty-Sensex-Pre Market View - 30.10.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to start in green on Wednesday
30/10/2019 08:33
Indian benchmarks are expected to start the day on a positive note on Wednesday. Investors will be looking for corporate results, expiry of October series of Futures and Options contracts due Thursday, and global cues for determining the market trajectory today.Today, a total of 61 companies, including Concor, Tata Global Beverages, and Tata Chemical, are scheduled to announce their September quarter results. Markets would watch out for the United States' Federal Reserve's interest rate decision slated to be declared later today. Investors are pricing in a 25 bps rate cut even as they await the Fed's comments on the economic outlook. Besides, the British government's decision to call for snap elections on December 12 to break the Brexit deadlock could affect sentiment. Sentiments would also remain upbeat as a bonanza is in the offing for the stock markets as the Prime Minister's Office (PMO) and the Finance Ministry are working on measures which may include dividend distribution tax (DDT) to be scrapped and a review of existing slabs and holding period of long term capital gains (LTCG), short term capital gains (STCG) and securities transaction tax (STT). On Wednesday, the 30-share benchmark ended at 39831.84 up by 581.64 points or by 1.48 % and then NSE Nifty was at 11786.85 up by 159.7 points.
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