Nifty-Sensex-Pre Market View - 02.12.2019: 09.00 Am
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Pre-Session: Markets likely to start the day on flat note
02/12/2019 08:21
Indian benchmarks are expected to start the day on a flat note on Monday. Markets will first react to the GDP numbers and auto sales data. The numbers released post market hours on Friday showed that India's GDP rate slipped to a six-year low of 4.5 per cent in the September quarter. Meanwhile, the output of eight core infrastructure industries contracted by 5.8 per cent in October and as many as six of eight core industries saw a contraction in output in October.
Auto stocks will react to the November sales data released on Sunday according to which sales four- and two-wheeler slid by almost 8 per cent in November. Telecom stocks will also be in focus today after Bharti Airtel and Vodafone Idea on Sunday announced a tariff hike in the range of 15 per cent and 40 per cent across different plans. The tariff hike will be applicable from December 3.
On Friday, the 30-share benchmark ended at 40793.81 down by 336.36 points or by 0.82 % and then NSE Nifty was at 12056.05 down by 95.1 points.
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