Nifty-Sensex View - 24.12.2019: 09.00 Am
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Pre-Session: SGX Nifty indicates a flat start for domestic bourses
24/12/2019 08:31
Indian benchmark indices are expected to start the day on flat note on Tuesday. Trends on SGX Nifty also indicate a flat opening for the broader indices in India. Nifty futures were trading around 12,263-level on the Singaporean Exchange.
Investors will eye stock-specific developments and global factors for market direction today. Investors will also react to India's gross domestic product (GDP) forecast for the financial year 2019-20 (FY20) by the International Monetary Fund (IMF). It has retained economic growth forecast at 6.1 per cent for FY20, but said risks to the outlook are tilted to downward side. IMF’s projection is much higher than those by most agencies.
Meanwhile, the Reserve Bank of India (RBI) conducted its first simultaneous ‘buy and sell’ open market operations (OMOs), in which it bought more bonds than it sold, showed results.
On Monday, the 30-share benchmark index ended at 41642.66 down by 38.88 points or by 0.09 % and then NSE Nifty was at 12262.75 down by 9.05 points.
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