Nifty-Sensex-Pre Market Report : 31.07.2019
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Pre-Session: Sensex, Nifty likely to start on negative note
31/07/2019 08:43
Indian benchmarks are expected to start the day on a negative note on Wednesday amid subdued cues from the global peers. Trends on SGX Nifty also indicate a negative opening for the broader index in India. Nifty futures were trading around 11,064-level on the Singaporean Exchange.
On the global front, Wall Street lost ground on Tuesday after a warning from President Donald Trump to China amid ongoing trade negotiations pressured technology shares, while investors looked to an expected Federal Reserve interest rate cut at the conclusion of its monetary policy meeting. The three major US stock indexes concluded the session in the red. The Dow Jones Industrial Average fell 23.33 points, or 0.09%, to 27,198.02, the S&P 500 lost 7.79 points, or 0.26%, to 3,013.18he Nasdaq Composite dropped 19.72 points, or 0.24%, to 8,273.61. Asian shares weakened in early trade on Wednesday, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.04% while Japan's Nikkei slid 0.84%. Back home, as many as 89 companies will declare their results for the June quarter which include names like Allahabad Bank, Apollo Tyres, Eicher Motors, Tata Global Beverages, Petronet LNG, MOSL, JBF Industries, IOC, Future Retail etc. among others. On Tuesday, the 30-share benchmark index closed at 37397.24 down by 289.13 points or by 0.77 per cent NSE Nifty was at 11085.4 down by 103.8 points.
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