MARKET LIVE: SGX Nifty hints positive start on mixed global cues, up 50pts- QHN

are likely to start Monday in a positive territory amid strong domestic trading activity. At 7:50 am, the SGX

On Friday, all major indices in Wall Street plunged into negative territory as traders expected the hawkish forecast by the US Federal Reserve to tip the economy into recession. Dow Jones, NASDAQ Composite, and the S&P 500 declined up to 1 per cent.

Asia-Pacific markets, meanwhile, were mixed as Nikkei 225, Topix, Kospi, and the S&P 200 indices fell up to 1 per cent. The Hang Seng index, on the other hand, rose over 1 per cent.

On the commodities front, both prices of Brent Crude and WTI Crude rose 1.7 per cent to $80 per barrel and $75 per barrel, respectively.

Back home, shares of Tata Motors will be in focus after the subsidiary company inked pact with BMTC to operate 921 low-floor electric buses in the city.

Besides, shares of PNB Housing Finance will be tracked after the private sector lender opened ‘Roshni’ branches across tier-I and tier-II cities.

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