Nifty-Sensex-Pre Market Report : 06.05.2019
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Pre Session: Sensex, Nifty to open negative; Bharti Airtel shares in focus
06/05/2019 08:27
The frontline benchmark indices are likely to open on a negative note on Monday as trends on SGX Nifty indicate a negative opening for the broader index in India. Asian equities tumbled, oil prices plunged and the safe-haven yen strengthened early on Monday as trade negotiations between China and the United States deteriorated suddenly, reversing apparent progress made in recent months. US stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April coupled with muted wage gains left investors upbeat about the outlook for the economy and interest rates. The Nasdaq registered a record high close, while the S&P 500 ended just shy of a record high finish. President Donald Trump dramatically increased pressure on China to reach a trade deal by announcing on Sunday he would hike US tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon. Back home, bearish trends in the SGX Nifty Index Futures for May delivery, which were trading at 11,682.50, down by 66.00 points.
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