Nifty-Sensex-Pre Market Report : 19.07.2019
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Pre-Session: Markets likely to make a positive start
19/07/2019 08:32
Indian benchmarks indices are expected to start the day on a positive note supported by global peers that moved higher after expectations of a rate cut by Federal Reserve strengthened. Another big factor affecting the investor sentiment today will be the Union government's stance on the "super-rich" tax on FPIs, which Finance Minister Nirmala Sitharaman yesterday said will remain undiluted. Investors will continue to track the June quarter earnings. Reliance Industries and InterGlobe Aviation, IndiGo's parent company, are among the 27 companies scheduled to announce their results today. On the global front, US stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the US central bank at the end of the month. The Dow Jones Industrial Average rose 3.12 points, or 0.01%, to 27,222.97, the S&P 500 gained 10.69 points, or 0.36%, to 2,995.11 and the Nasdaq Composite added 22.04 points, or 0.27%, to 8,207.24. Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a US interest rate cut later this month. Australian stocks added 0.4%, South Korea’s KOSPI rose 0.8% and Japan’s Nikkei advanced 1%. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3%, squaring the previous day’s losses. On Thursday, the 30-share benchmark index ended at 38897.46 down by 318.18 points or by 0.81 % and then NSE Nifty was at 11596.9 down by 90.6 points.
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