Nifty-Sensex-Pre Market View - 22.11.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open flat on Friday
22/11/2019 08:36
Indian benchmarks are expected to start the day on a flat note and may continue to consolidate and book-profit during Friday's trading session. Trends on SGX Nifty indicate a flat opening for the broader indices in India. Rating agency ICRA's downward revision to India's Q2FY20 gross domestic product growth, stock-specific developments, and global cues would drive the markets today.
Meanwhile, Asian equities rose on Friday, bouncing from a three-week low touched a day earlier, but gains were capped by persistent worries over the status of trade negotiations between China and the United States.
On Wall Street, the Dow Jones Industrial Average fell 0.2 per cent, the S&P 500 lost 0.16 per cent, and the Nasdaq Composite dropped 0.24 per cent during the overnight trade on Thursday.
Crude oil prices rebounded from early losses and moved higher to hit their best levels in almost two months on Thursday, reacting to reports that OPEC and its allies will likely extent output cuts beyond March 2020. Whereas, the rupee fluctuated between a high of 71.72 and a low of 71.89 and finally ended the day at 71.76 against the US dollar.
On Thursday, the 30-share benchmark index ended at 40575.17 down by -76.47 points or by -0.19 % and then NSE Nifty was at 11968.4 down by -30.7 points.
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