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MarketBuzz Podcast With Sonal Bhutra: Sensex and Nifty likely to make a lower start today — Fed Chair testimony in focus
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open lower on Monday tracking weakness across global markets, as concerns persisted about steep hikes in pandemic-era interest rates as central banks scramble to tackle decades-high levels of inflation. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — fell as much as 48.5 points or 0.3 percent to 15,267 ahead of the opening on Dalal Street.
Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open lower on Monday tracking weakness across global markets, as concerns persisted about steep hikes in pandemic-era interest rates as central banks scramble to tackle decades-high levels of inflation. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — fell as much as 48.5 points or 0.3 percent to 15,267 ahead of the opening on Dalal Street.
This week, the Fed is widely expected to underline its commitment to fighting inflation with its hawkish stance.
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