Pre Session: Gap up opening seen for Sensex, Nifty; Bharti Airtel, PNB in focus 09/03/2018

Pre Session: Gap up opening seen for Sensex, Nifty; Bharti Airtel, PNB in focus
09/03/2018
NIFTY FUT  TREND            : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE

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The Indian equities are likely to extend rally on Friday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trend across the Asian markets. Overseas, markets across Asia were trading higher on easing geo-political tension as North Korean leader Kim Jong Un and US President Donald Trump offered to meet. Adding to it, the investors are also hoping that the Bank of Japan will keep its benchmark lending rate unchanged at -0.1 per cent in its monetary policy announcement on Friday. In the overnight trade, Wall Street ended modestly higher after President Trump exempted Canada and Mexico from the tariffs on US steel and aluminum imports, which offered glimpse of hope that trade war could be averted. Back home, bullish trend in the SGX Nifty Index Futures for March delivery, which was trading at 10,281.00, up by 43 points.

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