Nifty-Sensex-Pre Market View - 11.11.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open flat; CPI, IIP data eyed
11/11/2019 08:34
Indian benchmarks are expected to start the day on flat to negative note today. The last batch of September quarter earnings, global cues, and macro data will be the top factors that investors will watch for market direction in this holiday-truncated week. Equity markets will remain shut on November 12 for Guru Nanak Jayanti. On the earnings front, as many as 272 companies will declare their results for September quarter which include names like Aban Offshore, Adani Ports, Alembic, Alkem Laboratories, Balrampur Chini, Britannia Industries, Coal India, Hindalco, India Cements, Jindal Stainless, KEI Industries, Kolte-Patil, Mahanagar Gas, NHPC, NMDC, and Rolta India, etc. among others. In terms of macro numbers, industrial production data and manufacturing production data for September 2019 are scheduled to be released later in the day. Further, retail inflation is slated to be announced tomorrow, while WPI Inflation for October is scheduled to be released on Thursday. On Friday, the S&P BSE Sensex lost 330 points or 0.81 per cent to settle at 40,324 after global rating agency Moody's lowered India's sovereign outlook to 'negative' from stable. On the NSE, the Nifty50 slipped below 12,000-mark to end at 11,908, down 104 points.
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