Monday, 1 February 2016

Today's Market News: Nifty to move higher at open on global cues

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Indian stocks are likely to open firmly in the green, tracking strength in Asian markets, after a surprise monetary intervention by the Bank of Japan boosted sentiment for risk assets. 

At the time of writing, the SGX Nifty was trading 0.5 percent, or 39 points, higher to 7,590. 

Globally, Asian markets were trading broadly higher following the BoJ move while crude oil fell. However, volatility in the Chinese markets might keep a lid on gains for the Nifty.


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