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Domestic and global cues indicate a green opening for the Nifty on Wednesday. SGX Nifty was trading at 7,972 levels, up 7.50 point at 7:43 AM. On Tuesday, market staged a spectacular comeback after a sluggish start. Nifty rallied over 100 points led mainly by largecap and banks.
Fourth quarter earnings of telecom giant Bharti Airtel and YES Bank will be closely watched today. In global markets, US stocks closed mixed with energy leading ahead of the US Federal Reserve’s crucial meeting. However, Nasdaq 100 futures fell more than a percent in after-trade on back of disappointing earnings from Apple.
In Europe, stocks closed lower due to disappointing earnings ahead of the important central bank meeting scheduled for later this week. In currencies, dollar held onto its three-week high against yen on expectations of further easing from Bank of Japan. In commodities space, oil was at its five-month high. Brent crude was trading at above USD 46 per barrel. Gold prices were above USD 1,240 an ounce.
Nifty likely to open up
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Domestic and global cues indicate a green opening for the Nifty on Wednesday. SGX Nifty was trading at 7,972 levels, up 7.50 point at 7:43 AM. On Tuesday, market staged a spectacular comeback after a sluggish start. Nifty rallied over 100 points led mainly by largecap and banks.
Fourth quarter earnings of telecom giant Bharti Airtel and YES Bank will be closely watched today. In global markets, US stocks closed mixed with energy leading ahead of the US Federal Reserve’s crucial meeting. However, Nasdaq 100 futures fell more than a percent in after-trade on back of disappointing earnings from Apple.
In Europe, stocks closed lower due to disappointing earnings ahead of the important central bank meeting scheduled for later this week. In currencies, dollar held onto its three-week high against yen on expectations of further easing from Bank of Japan. In commodities space, oil was at its five-month high. Brent crude was trading at above USD 46 per barrel. Gold prices were above USD 1,240 an ounce.
Nifty likely to open up
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