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Strong global cues likely to keep market in green; HUL to declare quarterly results
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
The market is likely to open on a positive note backed by strong global cues on Monday. The US market closed in the green on Friday with the Dow Jones ending closing nearly 100 points above and the S&P500 (US) closing 17 basis points higher. On the Asian front, Japan’s Nikkei is trading in the green …
The market is likely to open on a positive note backed by strong global cues on Monday.
The US market closed in the green on Friday with the Dow Jones ending closing nearly 100 points above and the S&P500 (US) closing 17 basis points higher.
On the Asian front, Japan’s Nikkei is trading in the green with a 0.078% gain and Korea’s Kospi, recovering from its lows at 2,477 points.
The SGX Nifty is trading higher at 10,827 levels as against Nifty May Future’s Friday’s close of 10,807 points.
The Indian market closed at over three-month high on Friday, due to major gains in heavyweight stocks such as HDFC, HDFC Bank, Reliance, ITC and ICICI Bank and backed by strong global cues.
Asian Paints also had a positive outing as its Q4 earnings exceeded the expectation. The stock gained more than 5% in trade.
The BSE Sensex and the NSE Nifty gained 1% each with the Nifty closing at 10,807 and the Sensex at 35,536.
Hindustan Unilever, Dr Lal PathLabs, Bombay Dyeing, Blue Star, among others will declare their quarterly earnings today.
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