Nifty-Sensex-Pre Market Report : 23.07.2019
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Pre-Session: Sensex, Nifty likely to open in green; Q1 results eyed
23/07/2019 08:33
Indian benchmarks are expected to start the day in green on Tuesday amid positive global cues. Trends on SGX Nifty also indicate a positive opening for the broader index in India. Nifty futures were trading around 11,356-level on the Singaporean Exchange. Corporate earnings will continue to remain the biggest driving factor in shaping the market direction today while investors will also look out for global and other domestic cues. About 46 companies, including Hindustan Unilever, Larsen & Toubro, and Zee Entertainment Enterprises, are scheduled to declare their June quarter results today. Hindustan Unilever (HUL) is expected to post steady numbers for Q1FY20 owing to its shift towards natural products and increasing premiumisation amid slowdown in the consumption space. On the global front, the S&P 500 inched towards a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week. The Dow Jones Industrial Average rose 0.07 percent to end at 27,172.04 points, while the S&P 500 gained 0.28 percent to 2,985.02. The Nasdaq Composite added 0.71 percent to 8,204.14. Asian peers were also trading in green, following the gaining streak .MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.02 per cent. Japan's Nikkei rose 0.25 per cent, while South Korea's KOSPI gained 0.2 per cent. On Monday, the 30-share benchmark index ended at 38031.13 down by 305.88 points or by 0.8 per cent, while the NSE Nifty was at 11346.2 down by 73.05 points.
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