Share Market Tips - Nifty above 11,250 in pre-opening, Sensex up 200 pts; rupee opens higher
Benchmark indices are trading higher in the pre-opening session with Nifty above 11,250.
At 09:01 hrs IST, the Sensex is up 230.29 points or 0.62% at 37548.82, and the Nifty up 47.70 points or 0.43% at 11269.70. Asian stocks struggled near a 3-1/2-month low on Wednesday on lingering concerns over the economic impact of a US-China trade war, although an overnight bounce on Wall Street helped limit the losses. Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 3 points or 0.03 percent. Nifty futures were trading around 11,364-level on the Singaporean Exchange. Technology stocks led the S&P 500 and the Nasdaq higher on Tuesday, with US stocks reclaiming ground lost to Monday's steep sell-off as investors took heart from a tonal shift in ongoing US trade negotiations with China.
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