Nifty-Sensex-Pre Market View - 18.12.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open in green on Wednesday
18/12/2019 08:37
Indian benchmarks are expected to start the day on positive note on Wednesday. Investors will today await the outcome of the GST council meet while continuing to track global markets and stock-specific action for market direction.
The GST Council is expected to take up the issue of fake invoices and fraudulent input tax credit refunds. In the backdrop of a severe revenue shortfall, the Council would examine several enforcement measures such as blocking input tax credit, imposing penalties and even arrest in the case of fake invoices.
In another crucial event, the NCLAT will today pronounce its judgement over the petition moved by former Tata group Chairman Cyrus P Mistry and the two investment firms challenging his removal from the group.
In today's session, telecom stocks may be in focus after Trai's ruling yesterday that telecom operators will continue to pay 6 paise per minute for every outgoing call made to their competitors’ network till December 31, 2020. These charges were proposed to become zero from January 1, 2021.
These apart, the rupee's movement against the US dollar, foreign fund flow, and the oil price movement will also impact investor sentiment.
On Tuesday, the 30-share benchmark index ended at 41352.17 up by 413.45 points or by 1.01 % and then NSE Nifty was at 12165 up by 111.05 points.
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