Nifty-Sensex-Pre Market View - 03.12.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open in red; MPC meet in focus
03/12/2019 08:17
Indian benchmarks are expected to start the day on a negative note on Tuesday.Investors will shift their focus to the three-day Monetary Policy Committee meeting of the RBI that begins today even though concerns over the health of the domestic economy may keep investor sentiment in check. Analysts see the MPC slashing rates by up to 25 basis points (bps), along with a marginal cut in FY20 gross domestic product (GDP) growth forecast.
Also, the price hikes announced by Bharti Airtel and Vodafone Idea across prepaid segments will come into effect from today.
Apart from this, oil price, rupee's trajectory, and foreign fund flow will also influence market direction.
On Monday, the 30-share benchmark index ended at 40802.17 up by 8.36 points or by 0.02 % and then NSE Nifty was at 12048.2 down by -7.85 points.
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