Nifty-Sensex View - 07.01.2020: 09.00 Am
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Pre-Session: Sensex, Nifty likely to start in green on Tuesday
07/01/2020 08:30
Indian benchmark indices are expected to open higher on Tuesday as recovery in global markets and steady crude oil prices may bring some solace to the domestic markets. On Monday, equities posted their biggest fall in four months amid worries about the impact of escalating US–Iran tensions on oil prices and its implications for the rupee and fiscal deficit.
Apart from this, market participants will continue to follow the trajectory of the Rupee which plunged 13 paise on Monday to settle at 71.93 against the US currency. They will also be on the lookout for on any news flow regarding the upcoming Budget. Besides, investors will track stock-specific action, foreign fund flows, and global developments throughout the day for further cues.
On Monday, the 30-share benchmark index ended at 40676.63 down by -787.98 points or by -1.9 % and then NSE Nifty was at 11993.05 down by -233.6 points.
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