Nifty-Sensex View - 09.01.2020: 09.00 Am
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Pre-Session: Gap-up start likely for Sensex, Nifty today
09/01/2020 08:31
Indian benchmark indices are expected to open higher on Thursday as rebound in global markets and crude oil price retreat are likely to boost investor sentiment. The United States and Iran backed away from the brink of further conflict in the Middle east as US President Donald Trump said Iran’s missile strikes had not harmed any Americans and that Tehran appeared to be "standing down". On its part, Iran has offered no immediate signal it would retaliate further to the January 3 strike.
Oil reversed its gains and now sits cheaper than it was before the killing of the Iranian commander, Qassem Soleimani. Brent futures nursed overnight losses of 4 per cent to trade at $65.44 per barrel.
Besides this, investors will now shift their focus to the December quarter results and pre-Budget newsflow. Stock-specific development, the Rupee's trajectory, and foreign fund flows will also affect sentiment.
On Wednesday, the 30-share benchmark index ended at 40817.74 down by -51.73 points or by -0.13 % and then NSE Nifty was at 12025.35 down by -27.6 points.
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