Nifty-Sensex-Pre Market View - 16.12.2019: 09.00 Am
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Pre-Session: Flat opening on cards for Sensex, Nifty today
16/12/2019 08:31
Indian benchmarks are expected to start the day on flat note on Monday. The positive momentum from the 'phase one' of US-China trade deal and hopes of a speedy Brexit is likely to keep the investor sentiment up.
Further, the wholesale price index (WPI)-based inflation (YoY) for November 2019 is slated to be released later in the day. Wholesale inflation in October crashed to a 40-month low of 0.16 per cent, down from 0.3 per cent rise in September. Bank stocks are likely to remain in focus today as the State Bank of India (SBI), the lead banker of the bankrupt Essar Steel, is likely to settle dues of other lenders as it received Rs 40,000 crore on Friday from ArcelorMittal, which is going to takeover the company bringing to an end to the much-prolonged resolution process.
On Friday, the 30-share benchmark index ended at 41009.71 up by 428 points or by 1.05 % and then NSE Nifty was at 12086.7 up by 114.9 points.
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