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Sensex, Nifty set for gap up opening on firm Asian cues

Yatheendradas C.k. at 08:59 AM - Jan 21, 2016 ( ) Views: 248

Sensex, Nifty set for gap up opening on firm Asian cues; Hindustan Zinc, Idea Cellular in focus today

The BSE Sensex and NSE Nifty are likely to open in green on Thursday tracking SGX Nifty and Asian markets.

By: Rahul Oberoi | New Delhi | January 21, 2016 8:50 AM The Financial Express

8.48 am: According to SMC Investment and Advisors, the coming session is likely to witness a range of 7,250 on declines and 7,400 on advances.

8.35 am: The BSE Sensex and NSE Nifty are likely to open in green on Thursday tracking SGX Nifty and Asian markets.

At 8.21 am (IST), SGX Nifty was up 51 points, or 0.69 per cent, at 7,367.50.

Asia stocks were higher on Thursday, but investors remained cautious as another shakeout on Wall Street and oil prices suggested volatility in financial markets will continue to temper risk appetite.

On Wall Street, major indices finished with declines of more than 1 per cent, though they were well off lows of more than 3 per cent.

Domestic equity markets on Wednesday witnessed a deep fall, plunging around 650 points to crash below the 24,000-level on global growth worries and sharp dip in oil prices before regaining some lost ground to settle 418 points lower at 24,062.04.

The NSE Nifty after cracking the crucial 7,300-mark, settled 125.80 points or 1.69 per cent down at 7,309.30.

Shares of Idea Cellular, Hindustan Zinc and InterGlobe Aviation (IndiGo) will remain in focus today as they are scheduled to announce their Q3 results on January 21.

(With agency inputs)

 

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