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Sensex, Nifty may open higher on firm global cues

Yatheendradas C.k. at 08:21 AM - Jul 11, 2016 ( ) Views: 199

re-markets: Sensex, Nifty may open higher on firm global cues; L&T Infotech IPO to hit markets today

The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.

By: FE Online | New Delhi | Published: July 11, 2016 8:05 AM

The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.

At 7.46 am (IST), SGX Nifty was up 97.50 points, or 1.16 per cent, at 8,432.50.

Sentiments will also remain upbeat as the India Meteorological Department said that 26 per cent of the country has received ‘excess’ rainfall while the 63 per cent ‘normal’ rainfall. Only 11 per cent has received ‘deficient’ rainfall.

Asian equity markets advanced on Monday as upbeat US jobs data lessened immediate concerns about health of the world’s largest economy, though long-run fallout from Brexit kept sovereign yields near record lows. Hang Seng, Nikkei and Shanghai were trading up by 1.60 per cent, 3.50 per cent and 0.41 per cent, respectively.

On Friday, Sensex closed 74.59 points, or 0.27 per cent, down at 27,126.90.

L&T Infotech IPO will hit capital markets on Monday. At Rs 705-710 per share price band for L&T Infotech IPO, it will fetch a market cap of over Rs 12,000 crore.

(With agency inputs)


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