Nifty-Sensex-Pre Market View - 08.11.2019: 09.00 Am

Nifty-Sensex-Pre Market View  - 08.11.2019: 09.00 Am
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Pre-Session: Negative start on cards for Sensex, Nifty
08/11/2019 08:30
Indian benchmarks are expected to start the day on a negative note on Friday. September quarter results and ease in trade tensions between the US and China would be the key factors driving the markets today. About 180 companies, including Ashok Leyland, Bank of Baroda, Eicher Motors, M&M, and Nestle are scheduled to report their Q2 earnings today. Further, investors may also remain on the sidelines as India’s credit ratings outlook was cut to negative from stable by Moody’s Investors Service on concern the government won’t be able to help stunted economic growth. Moody’s cited a growing debt burden and the government’s struggle to narrow the budget deficit, said a report. That apart, investors could react to rejig in the MSCI index. Berger Paints, Colgate Palmolive, DLF, HDFC AMC, ICICI Prudential Life, SBI Life, InfoEdge, and Siemens have been included under the November review, while Glenmark Pharma, Indiabulls Housing Finance, Vodafone Idea and YES Bank have been dropped. On Thursday, the 30-share benchmark index ended at 40653.74 up by 183.96 points or by 0.45 % and then NSE Nifty was at 12012.05 up by 46 points.


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