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Live market updates: The key benchmark indices are likely to start Monday’s session on a muted note as per trends indicated by the SGX Nifty futures, which were quoting 16,677 levels this morning, 20-odd points up from Nifty futures previous close.
The market will also be tracking global developments on the Russia-Ukraine war and its impact on the global economy including that of India.
Meanwhile, President Vladimir Putin has ordered his defence chiefs to put the country’s deterrence forces on high alert as he accused Western countries of taking ‘unfriendly’ steps against his country amid Ukraine’s invasion.
The US and its key allies, including the EU and the UK, have decided to disconnect key sanctioned Russian banks from the global financial system SWIFT and impose restrictive measures on its central bank.
Back home, investors will also take note of key macro data to be released today. The government will be announcing the January infrastructure output and the Q3 GDP numbers later in the day.
Global Cues
Crude Oil prices slipped a wee bit in trades on Friday. Brent oil was down 1.2 per cent at $97.93 a barrel, while WTI crude settled 1.3 per cent lower at $91.59 a barrel.
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