Nifty-Sensex-Pre Market View - 19.12.2019: 09.00 Am
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Pre-Session: Negative opening on cards for Sensex, Nifty today
19/12/2019 08:33
Indian benchmarks are expected to start the day in red on Thursday. Political developments in the US are likely to affect investor sentiment today. The US House of Representatives impeached Donald Trump for abuse of power and obstruction of Congress on Wednesday, marking only the third time in US history that lawmakers invoked the ultimate constitutional sanction of a president.
Back home, shares of Tata Group are likely to remain in focus as National Company Law Appellate Tribunal (NCLAT) on Wednesday reinstated Cyrus Mistry as the executive chairman of the Tata group. The two-judge Bench declared the October 2016 resolution passed by the Tata Sons board to remove Mistry, a scion of Shapoorji Pallonji family, from his post and all consequential actions taken by Tata Group companies to remove him as director “illegal’’.
Additionally, Bank of Baroda shares may also trade actively after RBI assessment found that the lender underreported bad loans by Rs 5,250 crore in FY19.
In a first, the Goods and Services Tax (GST) Council on Wednesday resorted to voting to decide an issue. The controversial issue of the GST rate for lotteries was decided on the basis of voting, with the Council fixing a uniform tax rate of 28 per cent on both state and private lotteries with effect from March 1, 2020.
On Wednesday, the 30-share benchmark index ended at 41558.57 up by 206.4 points or by 0.5 % and then NSE Nifty was at 12221.65 up by 56.65 points.
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