Pre Market Report : 22.01.2019
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Pre Session: Sensex likely to open flat amid global cues, L&T in focus
22/01/2019 08:55
Indian equities may open flat on Tuesday, tracking bearish trends on SGX Nifty which indicates a negative opening for the broader index in India. Asian shares and US stock futures slipped in early trade amid signs of pessimism about world growth. The International Monetary Fund (IMF) cut its 2019 and 2020 global growth forecasts, citing a bigger-than-expected slowdown in China and the Eurozone, and said failure to resolve trade tensions could further destabilize a slowing global economy. On the global front, the International Monetary Fund (IMF) on January 21 cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets. India's growth projection for FY19 was, however, retained at 7.3 percent. Oil prices edged lower on Tuesday as concerns over global economic growth stoked fears over future demand. Back home, bearish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,937.00 down by 25.50.
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