Nifty-Sensex-Pre Market View - 21.11.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open in red on Thursday
21/11/2019 08:39
Indian benchmarks are expected to start the day on a negative note today. Investors will look at global cues, key Cabinet decisions, stock-specific developments, and oil price movement for market direction today.
The Cabinet Committee on Economic Affairs yesterday approved the strategic disinvestment of the Centre’s entire stake in Bharat Petroleum, Shipping Corp, THDC India, and NEEPCO, and most of its stake in Container Corp while giving up management control in these companies.
Meanwhile, for the telecom sector, the Union Cabinet approved a two-year moratorium on payment of pending spectrum auction instalments. The latest move is expected to give more legs to the rally in the telecom sector which has been going on for the last four trading sessions after Bharti Airtel, Vodafone Idea, and Reliance Jio all announced they will soon raise their tarrifs. On Wednesday, the 30-share benchmark index ended at 40651.64 up by 181.94 points or by 0.45 % and then NSE Nifty was at 11999.1 up by 59 points.
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