Nifty-Sensex-Pre Market Report : 18.07.2019
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Pre-Session: Indian Indices likely to start the day in red
18/07/2019 08:40
Indian benchmark indices are expected to start the day marginally in red on Thursday ahead of June quarter results. As many as 22 companies will declare their results for the quarter ended June which includes names like ACC, Colgate Palmolive, Rallis India, L&T Infotech etc. among others. June quarter earnings, global cues, and stock-specific action will give direction to the market today. On the global front, US stock indexes fell on Wednesday over trade war worries. The Dow Jones fell 0.42 per cent to 27,220, the S&P 500 lost 0.65 per cent to 2,984 and the Nasdaq Composite dropped 0.46 per cent to 8,185. Tracking the Wall Street, Asian shares wobbled in early Thursday trading. MSCI’s broadest index of Asia-Pacific shares outside Japan was down a touch, while Japan’s benchmark Nikkei fell 1.3 per cent and Australian shares dropped 0.4 per cent. Back home, the rupee depreciated by 11 paise to close at 68.82 against the US dollar July 17 due to foreign fund outflows and rising crude oil prices. On Wednesday, the 30-share benchmark index closed at 39215.64 up by 84.6 points or by 0.22 per cent NSE Nifty was at 11687.5 up by 24.9 points.
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