Nifty-Sensex-Pre Market Report : 18.06.2019
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Pre Session: Sensex, Nifty seen flat opening; RCom shares in focus
18/06/2019 08:37
The Indian domestic equities look poised for a tepid start on Tuesday, mirroring the trends in other Asian markets ahead of US Fed’s interest rate decision. Caution crept in Asian markets ahead of the Federal Reserve’s interest rate meeting. Major Asian markets were trading with tepid gains. The Fed begins a two-day meeting later today which will conclude on Wednesday. US stocks edged higher ahead of Fed policy meetings as investors continue to hope that the Fed will slash interest rates. Markets across the globe are keenly observing how close the Fed could be to reducing interest rates amid the raging US-China trade war, signs of a slowdown in economy and pressure by President Trump to ease policy. Back home, bullish trends in the SGX Nifty Index Futures for June delivery, which were trading at 11,718.00 up by 20.00 points.
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