Wednesday, 23 December 2015

Nifty to track Asia higher at open; dollar slips, oil gains

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Indian stocks are likely to open higher, following an up-move in both Asian markets as well as on Wall Street overnight, as risk-on sentiment set in thanks to a pause in the US dollar rally and as oil prices rebounded off 11-year lows. 
In Singapore, the SGX Nifty was trading 0.6 percent, or 47.5 points, higher to 7,831. Trading volumes, however, are expected to be light as festive-season holidays set in in the West. Closer home, Indian investors will focus on developments in Parliament, whose Winter Session ends today even as passage of crucial bills such as GST and bankruptcy bills are unlikely to be passed today.

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