MARKETS: Lower start likely on bearish global cues; SGX Nifty falls 200 pts

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Are living current market updates: The critical benchmark indices are likely to start off Monday’s session decreased amid weak world cues heightened by curiosity rate hikes expectations and the expanding geo-political rigidity all-around Russian and Ukraine.

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At 8:10 am, the SGX Nifty Futures ended up 200 factors down at 17,147, as towards the Nifty’s location near on the earlier working day.

In the industry, Coal India, Eicher Motors, Graphite India, Grasim Industries, Balkrishna Industries, Adani Wilmar, NBCC and SpiceJet are some of the companies that will report their quarterly figures later on right now.

In an other important enhancement, the point out insurance provider – Life Coverage Corporation of India has filed its IPO draft papers with the market place regulator SEBI The federal government will sell 5 for each cent of its stake, fetching concerning Rs 60,000 crore and Rs 75,000 crore, hence pegging the insurer’s industry price between Rs 12 trillion and Rs 15 trillion. The final valuation will be resolved closer to the IPO. Browse Much more.

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Worldwide cues

On Friday, the US markets crashed closely with Dow Jones down 1.4 for each cent and Nasdaq (2.8 for each cent) following Washington warned that Russia experienced massed ample troops near Ukraine to launch a significant invasion, and that an attack could get started any day.

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Oil price ranges ended previous week at contemporary 7-yr highs. Brent crude surged 3.3 per cent to $94.44 a barrel, and WTI crude soared 3.6 for every cent to $93.10, a barrel.

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This morning, the key markets in Asia were deep in purple underlining the bearish sentiment. Nikkei plunged above 2.5 for every cent. Kospi slumped 2.1 for every cent. Taiwan and Hang Seng were down 1.8 per cent and 1.5 for each cent, respectively. Straits Occasions slipped .6 for each cent, though Shanghai Composite moved up .1 per cent.

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