Nifty-Sensex View - 17.09.2020: 09.00 Am
Pre-Session: Sensex, Nifty likely to open in red amid weak global cues
17/09/2020 08:36
Domestic bourses are expected to start the day in red on Thursday tracking weak global cues amid concerns of economic recovery even as Fed decided to keep interest rates near zero.
Investors can expect the session to remain volatile, with it being the weekly expiry day. Apart from this, investors might focus on stock-specific developments. They will also track defence minister's Rajnath Singh statement in the Rajya Sabha today on the India-China border issue.
Overnight, the US Federal Reserve pledged to hold interest rates near zero until at least 2023. The Fed said it would keep interest rates near zero until inflation is on track to “moderately exceed” the central bank’s 2 per cent inflation target “for some time,” with the aim of offsetting years of weak inflation and allowing the economy to add jobs for as long as possible.
On Wednesday, the 30-share benchmark index ended at 39302.85 up by 258.5 points or by 0.66 % and then NSE Nifty was at 11604.55 up by 82.75 points
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