Nifty-Sensex-Pre Market Report - 13.08.2019: 09.00 Am
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Pre-Session: SGX Nifty suggests positive start for domestic bourses
13/08/2019 08:42
Indian benchmark indices are likely to start the day on a positive note on Tuesday. Trends on SGX Nifty indicate a positive opening for the broader index in India. Nifty futures were trading around 11,125-level on the Singaporean Exchange. June quarter results, macroeconomic numbers, and global cues will be the biggest factors giving direction to the market today. As many as 790 companies will declare their results for June quarter which include names like Amtek Auto, Apex Frozen, Apollo Hospitals, BGR Energy, Bharat Forge, Bosch, DB Realty, EIH, Gabriel India, Glenmark Pharma, Godrej Industries, Ipca Laboratories, Kaveri Seed, Dr Lal Pathlab, NALCO, NMDC, ONGC, Sun Pharma etc. among others. On the global front, US stocks dropped in a broad sell-off on Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted US-China trade war stoked fears of impending recession. All three major US stock indexes closed sharply lower in light trading, with little to soothe market jitters over Hong Kong protests, Argentine President Mauricio Macri’s primary election defeat, and the US-China tariff dispute that has rattled markets for months. The Dow Jones Industrial Average fell 391 points, or 1.49 percent, to 25,896.44, the S&P 500 lost 35.96 points, or 1.23 percent, to 2,882.69 and the Nasdaq Composite dropped 95.73 points, or 1.2 percent, to 7,863.41. Asian shares fell on Tuesday as fears about a drawn out Sino-US trade war, protests in Hong Kong and a crash in Argentina’s peso currency drove investors to safe harbours like bonds, gold, and the yen. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.26 percent while Japan's Nikkei tumbled 1.28 percent. The selling in regional markets came as Wall Street stocks took a beating on Monday, with the S&P 500 losing 1.23 percent. On Friday, the 30-share benchmark ended at 37581.91 up by 254.55 points or by 0.68 % and then NSE Nifty was at 11109.65 up by 77.2 points.
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