SGX Nifty Hints At Opening Losses; HDFC Bank, Jubilant Food, GAIL, Paytm, Sobha In Focus

SGX Nifty Hints At Opening Losses; HDFC Bank, Jubilant Food, GAIL, Paytm, Sobha In Focus

Asian stocks and US equity futures rose on Monday, amid inflation risks from commodity-supply disruptions ahead of the US Federal Reserve’s meeting, which could see the central bank raised interest rates by 25 basis points.

Japanese and Australian shares advanced. Investors were parsing efforts at diplomacy to tackle the Russia-Ukraine conflict, as well as comments from a US official that Russia asked China for military equipment. US equity futures rose. Brent crude dipped to $ 110 per barrel.

The Singapore-traded SGX Nifty, an early barometer of India’s benchmark Nifty 50 index, fell 0.33% to 16,594.50 points as of 7:30 am

A dollar gauge and the yen slipped, while the euro edged up. The Russian ruble was indicated slightly stronger versus the greenback. Gold retreated further from $ 2,000 an ounce. Bitcoin fell below $ 38,000.

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