Pre Session: Soft opening on cards for Sensex, Nifty; Prataap Snacks in focus 05/10/2017

Pre Session: Soft opening on cards for Sensex, Nifty; Prataap Snacks in focus
05/10/2017
NIFTY FUT  TREND            : BUY ZONE
BANKNIFTY FUT TREND  : BUY ZONE

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Indian benchmark indices are likely to open lower on Thursday, tracking weak cues from Nifty futures on the Singapore Stock Exchange, undermining firm cues from global peers. Markets across Asia were trading mostly higher as investors cheered robust US economic data and President Donald Trump’s tax reform plan. Meanwhile, markets in China, Hong Kong and South Korea remained closed for public holidays. In the overnight trade, the Wall Street ended higher as market sentiments were supported by economic data. Back home, bearish trend in the SGX Nifty Index Futures for October delivery, which were trading at 9,925.00, down by 22.50 points.

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