Nifty may start flat to higher tracking global cues Indian
shares are likely to start without firm direction, tracing Asian equities that
are mostly treading water, even as an oil rally gave US shares a boost
overnight. Deep research and strong predictions made by our research team in
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Indian market shares are likely to start without firm direction,
tracing Asian equities that are mostly treading water, even as an oil rally
gave US shares a boost overnight. At the time of writing, the SGX Nifty was
little changed, up 0.03 percent, or 2 points, to 7,636.
Asian markets were broadly higher, with the Nikkei rising
0.5 percent even as fresh concerns have started arising over the US dollar's
recent fall against the yen. In other asset classes, oil in the US jumped 5
percent after the US government reported a surprise draw in shale stockpiles.
Gold held steady.
Nifty50 futures on the Singapore Stock Exchange
were trading 17 points higher at 7,651, indicating a positive opening for the
domestic market. Nifty50 may climb to 7,750 levels: Some experts believe the
Nifty50 may see a rally towards 7,750 by the end of next week.
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