Nifty-Sensex-Pre Market View - 13.11.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open in red on Wednesday
13/11/2019 08:15
Indian benchmarks are expected to start the day on a negative note today. Markets would resume trading after a day's holiday and are expected to react to key corporate earnings and macro-data.
The industrial output nosedived to an 8-year low, contracting by 4.3 per cent, for the second straight month in September, data released on Monday showed. The Index of Industrial Production fell by the highest margin since October 2011. That apart, a report by State Bank of India warned that the gross domestic product for Q2FY20 may slump to 4.2 per cent on low automobile sales, flattening of core sector growth and declining investment. On the corporate earning front, about 696 companies, including ABB, Bata, BHEL, IRCTC, and SpiceJet are slated to report their September quarter results today. On Monday, the 30-share benchmark index ended at 40345.08 up by 21.47 points or by 0.05 % and then NSE Nifty was at 11913.45 up by 5.3 points.
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