Good Morning-Premarket View for Stock Market - -

Nifty Index Resistance 11050-11090 & Support 11000-10950 . (11-Sep-2019 Wednesday)

News --

Sensex, Nifty open lower, Tata Motors top loser.
Macro data, global cues likely to keep market positive.
Rupee marginally higher amid caution ahead of key economic data.
Gold prices down Rs. 1,300 from highs.

Global Stock Market Commentary.-

Russia plans to set up above 20 nuclear power units in India in next 20 years -
Russia on Wednesday said that it is planning to set up more than 20 nuclear power units in India in the next 20 years.

Prime Minister Narendra Modi, who arrived in Russia's Far Eastern city of Vladivostok earlier today, gave a joint statement at the 20th Annual Summit between the two countries, along with Russian President Vladimir Putin by side.

The two sides exchanged numerous agreements, including military and technical cooperation, energy and science, LNG Business and LNG supplies, and natural gas, in the presence of the two leaders.

"I'm honoured to be the first-ever Indian Prime Minister to be coming to Vladivostok. I thank my friend, President Putin for inviting me here. I remember Annual Summit of 2001, first one held in Russia when he was President and I had come with former Prime Minister of India Atal Bihari Vajpayee's delegation as Gujarat Chief Minister," the Prime Minister said in the joint statement.

Indian Stock Market Commentary --

Sensex, Nifty open lower, Tata Motors top loser -
The Indian indices opened negative amid global cues, macro economic data and other key measures from the government. However, expectations of more stimulus measures from the government may keep sentiment upbeat, expects the analyst.

Investors would watch out for industrial production, inflation number and manufacturing production data scheduled to come on Thursday for further cues this week.

"Indian markets could open up on Monday following mildly positive US markets on Friday and positive Asian markets this morning. After the initial see-saw moves, the markets may inch upward," said Deepak Jasani, head of retail research, HDFC Securities.

Auto stocks may continue to remain in the limelight on expectations of more measures from the government for the struggling industry.

"Technically, with the Nifty rallying sharply and taking out its recent highs, the bulls do seem to have an upper hand for the short term at least. Further upsides are likely in the coming week once the immediate resistance of 11043 is taken out. Crucial supports to watch for resumption of weakness are at 10816," Jasani further added.

Globally, Asian stocks eked out modest gains on Monday, amid a cautious market mood as investors pinned expectations on likely stimulus to support growth in the world’s major economies, which showed further signs of struggle.