Nifty-Sensex-Pre Market Report : 10.04.2019
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Pre Session: Sensex, Nifty to open negative; SBI, Jet Airways shares in focus
10/04/2019 08:43
The domestic benchmark indices are likely to open lower on Wednesday on weak global cues, the trends on SGX Nifty indicate a negative opening for the broader indices in India. Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated. The International Monetary Fund cut its outlook for global growth to the lowest since the financial crisis in 2009 amid a bleaker outlook in most major advanced economies and signs that higher tariffs are weighing on trade. The world economy will grow 3.3 per cent this year, down from the 3.5 per cent the IMF had forecast for 2019 in January, the fund said Tuesday in its latest World Economic Outlook. This is the third time IMF has downgraded its outlook in six months. Back home, bearish trends on the SGX Nifty Index Futures for April delivery, which were trading at 11,715.00, down by 35.00 points.
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