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The key benchmark indices may have a negative start on Monday amid weak global sentiment and concerns around steeper rate hikes by the US Fed.
The Sensex and Nifty snapped their two-day positive streak and closed 1.27 per cent and 1.23 per cent lower, respectively, on Friday.
That apart, stock specific action will be in focus during the week as Nifty50 companies including Wipro, HUL, Maruti Suzuki, Bajaj Auto, among others, announce their Q4 numbers.
Today, Tatva Chintan Pharma, Century Textiles, Eveready Industries, GMDC and Mahindra CIE Automotive are among those slated to post their respective Jan-Mar earnings.
Global cues
In the US, the Dow Jones suffered its biggest one-day loss since 2020 closing 2.8 per cent lower. The S&P 500 also fell 2.8 per cent and Nasdaq declined 2.6 per cent.
Tracking this, Asian stocks were mostly down this morning. Hang Seng and Nikkei fell up to 2 per cent. Strait Times, Shenzhen Component and Kospi were down up to 1.4 per cent. Shanghai Composite was marginally up.
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