India’s Nifty and Sensex look to open lower after settling on a subdued note on Friday.
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- India’s Nifty and Sensex look to open lower after settling on a subdued note on Friday.
- Nifty and Sensex clinched weekly gains but public sector stocks were a drag on Friday.
- All eyes now remain on US PCE inflation data and India’s Q3 GDP due later this week.
The Sensex 30 and Nifty 50, India’s key benchmark indices, are set to open the week on Monday on a cautious footing, taking the lead from mixed trading in Asian stock markets. Risk sentiment remains in a weak spot so far, as markets weigh renewed tensions between China and Taiwan.
Additionally, Gift Nifty futures are losing 0.21% on the day, indicating a negative open for the domestic indices, the Nifty and the Sensex.
Last week, Nifty and Sensex traders weighed mixed Indian and US preliminary business PMI data and a hawkish Minutes of the Reserve Bank of India (RBI) February meeting.
The National Stock Exchange (NSE) Nifty 50 and the Bombay Stock Exchange (BSE) Sensex 30 ended 0.02% lower on the day at 22,212.70 and 73,142.80 respectively.
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