Sensex, Nifty likely to open higher; YES Bank, Axis Bank, PNB in focus
Episode 339, Sep 20, 2019, 02:31 AM
Benchmark indices BSE Sensex and NSE's Nifty 50 are likely to open higher on Friday after Reserve Bank of India governor Shaktikanta Das said there is room for more rate cuts. Moreover, hopes of a GST rate cut today to boost the ailing economy also support the shares.
On Thursday, the Sensex ended 470.41 points lower at 36,093.47, while the broader Nifty50 index lost 135.85 points to end the day at 10,704.80.
At 7:56 am, the SGX Nifty futures traded higher by 0.20 percent, or 21 points, at 10,725.50, indicating a positive start for the Sensex and the Nifty.
Stocks To Watch: YES Bank, Axis Bank, PNB, Oriental Bank of Commerce