Pre Session: Markets may open lower on mixed global cues 27/12/2017

Pre Session: Markets may open lower on mixed global cues
27/12/2017
NIFTY FUT  TREND            : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE

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The Indian benchmark indices are set to open lower on Wednesday amid mixed cues from other Asian peers.

The Asian markets have opened on a mixed note as investors await the release of industrial profit numbers out of China, while Wall Street closed lower in the previous trading session as shares of Apple tumbled, offsetting gains in energy stocks as oil prices hit their highest in more than two years.

On the economy front, revenue collection from Goods and Services Tax (GST) for the month of November slipped further to Rs 80,808 crore, lowest since the implementation of the indirect tax system from July 1.

Markets may react to the report that markets regulator Sebi is mulling easing access norms for investment by foreign portfolio investors (FPIs) and bringing a new framework to strengthen the governance structure for mutual funds.

Weak trends in the SGX Nifty Index Futures for December delivery, which were trading at 10,515.50, down by 11.50 points.

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