Nifty-Sensex-Pre Market Report : 05.05.2019
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Pre Session: Sensex, Nifty to open negative; Maruti Suzuki shares in focus
02/05/2019 08:46
The domestic benchmark indices are likely to open on a negative note on Thursday taking cues from oil price movement, auto sales numbers and Q4 earnings today as markets will open after a day’s off on account of Maharashtra Day. Asian markets marked time on Thursday with two major centers - Japan and China - shut for holidays while the dollar held on to overnight gains after the US central bank poured cold water on rate cut expectations. The US Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher. Back home, bearish trends in the SGX Nifty Index Futures for May delivery, which were trading at 11,787.00, down by 61.50 points.
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