The new week remains light on events or data to track with RBI and US FOMC’s latest meeting minutes to be watched out on Thursday.
Sensex Today : Equity benchmark indices opened with slim gains on Monday tracking mixed cues from global markets following a more-than-expected rise in US producer prices on Friday. The BSE Sensex rose 52 points to 72,478 and the NSE Nifty50 gained 43 points to 22,083.
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NTPC, SBI, Power Grid, Nestle and Bajaj Finance led gains on the Sensex, while Bajaj Auto, Dr Reddy’s, Adani Enterprises, Adani Ports and Coal India were top Nifty winners.
On the flip side, Wipro, TCS fell the most, down over 1 per cent each. L&T, IndusInd, Axis Bank were other drags. The BSE MidCap and SmallCap indices rose up to 0.8 per cent.
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Global Cues
Asian markets this morning were mixed as China equities opened higher on resuming trade after a one-week holiday. CSI 300 rose 0.3 per cent, ASX 200 0.16 per cent and Kospi 0.9 per cent. Nikkei and Hang Seng fell 0.4-1 per cent.
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On Friday in the US, the S&P 500 fell 0.48 per cent, the Dow Jones slid 0.37 per cent and the Nasdaq lost 0.82 per cent as the producer price index rose 0.3 per cent in January, above expectations of a 0.1 per cent rise, cementing bets of delayed Fed rate cuts.
