Nifty-Sensex-Pre Market View - 20.11.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to start on a negative note today
20/11/2019 08:37
Indian benchmarks are expected to start the day on a negative note on Wednesday. Global cues, stock-specific action, and foreign fund flow will be the top factors that will give direction to the markets today. On Tuesday, US President Donald Trump threatened to impose even higher tariffs on China if Beijing failed to sign a trade deal.
The rally in telecom stocks could continue for the fourth straight session after Reliance Jio joined rivals Vodafone Idea and Airtel in announcing an increase in tariffs over the next few weeks. The share price of Vodafone Idea has surged 130 per cent while Bharti Airtel has gained 25 per cent in the last three trading sessions after announcing tariff hikes.
In the commodities market, a far larger than expected rise in crude stocks led to decline in prices. Brent crude futures stood at $60.91 a barrel early on Wednesday, after sliding 2.6 per cent overnight and Indian rupee on Tuesday settled 12 paise lower at 71.72 against the US dollar.
On Tuesday, the 30-share benchmark index ended at 40469.7 up by 185.51 points or by 0.46 % and then NSE Nifty was at 11940.1 up by 55.6 points.
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