Nifty-Sensex View - 06.01.2020: 09.00 Am
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Pre-Session: Subdued opening on cards for Sensex, Nifty today
06/01/2020 08:32
Indian benchmark indices are expected to start the day on subdued note on Monday. US-Iran tensions, oil prices and movement of rupee against the US dollar, macro-economic data, and stock-specific developments are likely to impact investor sentiment today.
Global markets were thrown into fresh turmoil on Friday after top Iranian commander Qasem Soleimani was killed in a US drone strike in Iraq. The risk of possible retaliation from Iran is expected to keep the crude prices and the Rupee's level volatile which will have a direct bearing on the equity markets.
Further, Markit Services PMI for December 2019 is scheduled to be unveiled today. In November, Nikkei India Services Purchasing Managers Index (PMI) improved to 52.7, up from 49.2 in October.
The Reserve Bank of India (RBI) will carry out its third round of simultaneous purchase and sale of government securities today. The central bank would purchase Rs 10,000 crore worth of long-term government bonds and sell an equivalent amount of short-term securities.
On Friday, the 30-share benchmark index ended at 41464.61 down by -162.03 points or by -0.39 % and then NSE Nifty was at 12226.65 down by -55.55 points
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