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are likely to start Tuesday’s session on an upbeat note after two days of consecutive selling. At 7:55 am, the SGX
futures were quoting at 17,143 levels, indicating a gap-up start of over 100 points for the Nifty50.
This comes as investors pulled through US Fed’s hawkish remarks as global markets heaved a sigh of relief on Monday.
Today, market participants will continue to assess the geo-political situation and keep an eye on big corporate earnings including Nifty50 companies Bajaj Finance and HDFC Life.
However, markets may see increased volatility as the monthly F&O expiry on Thursday draws nearer.
In the primary market, Campus Activewear’s Rs 1400 crore-IPO will open for subscription today and close on Thursday. he footwear company has fixed the price band of the public offer at Rs 278 to Rs 292 per equity share.
Overnight in the US, Dow gained 0.7 per cent, the S&P 500 advanced 0.6 per cent and Nasdaq jumped 1.3 per cent aided by a near 6 per cent rally in Twitter shares.
Asian shares were mostly up this morning after a day of steep losses. Nikkei and Hang Seng rose up to 0.88 per cent higher. Shanghai Composite was flat, Shenzhen Component was up 0.57 per cent, Kospi too rose 0.5 per cent, while Strait Times was down 0.24 per cent.
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