Tuesday, 5 April 2016

Nifty likely to open higher after strong US jobs data

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Indian shares are expected to start marginally higher, as a strong US jobs data on Friday lifted Asian equities today, offsetting weakness in oil prices.

At the time of writing, the SGX Nifty was trading 0.24 percent, or 19 points, higher to 7,764.

Global cues are expected to remain firm after data showed the US added 2.15 lakh jobs, against an expected 2.05 lakh in March. Gold fell following the data release, amid expectations it could advance a Federal Reserve rate hike.

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