Nifty-Sensex-Pre Market Report : 09.05.2019
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Pre Session: Sensex, Nifty seen negative opening; HCL Tech shares in focus
09/05/2019 08:32
The frontline benchmark indices are likely to open negative on Thursday as trends on SGX Nifty indicate a negative opening for the broader index in India. Asian shares hit six-week lows in early trade on Thursday as increased tensions ahead of key Sino-US trade negotiations fanned fresh concerns about the outlook for the global economy. The United States will raise tariffs from 10 percent to 25 percent on $200 billion worth of Chinese imports effective May 10, according to a notice posted to the Federal Register on May 8. The benchmark S&P 500 fell on Wednesday for the third day in a row as investors remained cautious about the latest developments on US-China trade talks even after hopeful comments from the White House regarding an eventual agreement. Back home, bearish trends in the SGX Nifty Index Futures for May delivery, which were trading at 11,370.00, down by 33.00 points.
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