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SGX Nifty indicates firm opening

Published on Mar 28, 2023 08:48

SGX Nifty:

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 47 points at the opening bell.

Global markets:

Overseas, Asian stocks are largely trading higher on Tuesday as investor fears over the recent banking turmoil continued to show signs of easing.

Overnight in the U.S., stocks on Wall Street ended higher - bank stocks broadly rose as investors attempted to move on from the turmoil after First Citizens bought a large chunk of failed Silicon Valley Bank.

Domestic markets:

Back home, the domestic equity barometers ended with minimal gains on Monday, snapping a two-day losing run. The barometer index, the S&P BSE Sensex rose 126.76 points or 0.22% to 57,653.86. The Nifty 50 index added 40.65 points or 0.24% to 16,985.70.

Foreign portfolio investors (FPIs) sold shares worth Rs 890.64 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,808.94 crore in the Indian equity market on 27 March, provisional data showed.

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