Share market LIVE updates: Sensex, Nifty may open mildly higher; Infosys, Indigo, Bandhan Bank in focus
Share Market LIVE Updates: The domestic stock markets– Sensex and Nifty–are likely to open positive tracking mixed global cues. The SGX Nifty was trading 12 points higher at 10,772 or 0.11% ip, indicating a mildly positive opening for Sensex and Nifty this morning. Asian stocks were subdued on Monday as investors fretted that political instability in the United States was leaving the country rudderless at a time when the global economy was showing signs of faltering.
Moves were limited by a holiday in Japan while many bourses are set to close early for Christmas, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.5 percent to its lowest in seven weeks. Wall Street stocks fell in volatile trading on Friday, with the Nasdaq on pace to confirm it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services, said the Reuters report.
Back home, shares of Infosys will assume focus after reports that the firm may announce a $1.6 billion buyback. Shares of private sector airline parent Interglobe Aviation will also be in focus on codeshare and co-operation agreement with Turkish Airlines. Bandhan Bank will also be in focus after the firm said that it is not aware of talks with respect to Gruh Finance. We bring to you LIVE updates.
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