Nifty-Sensex-Pre Market View - 12.12.2019: 09.00 Am
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Pre-Session: Domestic bourses likely to start on positive note
12/12/2019 08:22
Indian benchmark indices are expected to start the day in green on Thursday. US Fed's status quo on interest rates, UK election and the release of India's IIP and inflation prints due later in the day will influence investor sentiment today.
In line with expectations, the Federal Reserve on Wednesday held interest rates steady in a target range of 1.5 per cent - 1.75 per cent following its two-day meeting and indicated that no action is likely next year amid persistently low inflation.
Besides, the UK will go to the polls on Thursday for the country's third general election in less than five years. Back home, Industrial production data for October and consumer price index-based (CPI) inflation print for November are slated to be released later in the day.
Also, the Union Cabinet on Wednesday approved a partial credit guarantee scheme for NBFCs and housing finance companies. This will allow public sector banks to buy pooled assets from financially sound entities.
On Wednesday, the 30-share benchmark index ended at 40412.57 up by 172.69 points or by 0.43 % and then NSE Nifty was at 11910.15 up by 53.35 points.
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