Nifty-Sensex View - 31.12.2019: 09.00 Am
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Pre-Session:Subdued opening on cards for Sensex, Nifty today
31/12/2019 08:34
Indian benchmark indices are expected to start the day on subdued note on Tuesday as investors will stay cautious today in the absence of any major trigger points in the market. Hence, the focus is likely to shift to stock-specific developments and global cues for market direction. Market participants will also await the release of the infrastructure output data for November today. Infrastructure output in October contracted for the second consecutive month to 5.8 per cent year-on-year.
Meanwhile, the market's worry over India's fiscal slippage is set to deepen after a report by Dun & Bradstreet's Economy Forecast said that the government might breach the fiscal deficit target this financial year amid drop in the revenue mobilisation and expected additional expenditure by the government. According to the report, the need for fiscal stimulus has increased even as the government finances remain "strained"
On Monday, the 30-share benchmark index ended at 41558 down by -17.14 points or by -0.04 % and then NSE Nifty was at 12255.85 up by 10.05 points.
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