Thursday, 10 March 2016

Nifty to open in green tracking positive global cues

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The Indian equity market is likely to open in the green on back of positive global cues and the market indicator SGX Nifty trading up around 23 points 7557 at around 7.30 am.

Asia markets are trading higher this morning with the Nikkei bouncing back after the 1% cut we saw yesterday. China is set to release its February inflation numbers, while South Korea’s central bank will announce its monetary policy decision.

The US market ended higher in low volume, led by the direction of oil prices. Europe too ended in the green ahead of the European Central Bank (ECB) meet.

Back home, stocks closed mostly higher, as investors eyed the fluctuation in commodity stocks, ahead of today's European Central Bank policy meeting. A late surge helped our own market post healthy gains. The Nifty closed well above the 7500 mark helped by banking stocks and Sensex gained over 100 points.

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