Nifty-Sensex View - 02.01.2020: 09.00 Am
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Pre-Session: Sensex, Nifty likely to start on flat on Thursday
02/01/2020 08:36
Indian benchmark indices are expected to start the day on flat note on Thursday. Investors will look at macro data, auto sales numbers, and global factors for cues today. The overall trading volume in the markets is set to pick up as most global markets reopen from holiday closures.
Stocks of automobile companies will react to sales data for the month of December. Yesterday, Tata Motors reported a 12 per cent decline in total vehicle sales in domestic market to 44,254 units in December. The company had sold 50,440 units in the same month in 2018. The stock will react to the sales numbers today.
Market participants will also await the release of Markit Manufacturing PMI for December which will be released later in the day. They will further track the oil and Rupee's trajectory, stock-specific action, and foreign fund flow for market direction.
On Wednesday, the 30-share benchmark index ended at 41306.02 up by 52.28 points or by 0.13 % and then NSE Nifty was at 12182.5 up by 14.05 points.
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