Nifty may open lower on subdued Asian stocks
Mumbai, Feb. 5 -- GIFT Nifty:
Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could slide 27 points at the opening bell.
Global markets:
Overseas, Asian stocks are trading lower on Monday after a robust US jobs report dashed any expectations of a near-term interest rate cut from the Federal Reserve,
US stocks ended sharply higher on Friday with the S&P 500 registering an all-time closing high as strong earnings and a blowout January employment report boosted confidence in the economy.
Domestic markets:
Back home, the domestic stock market witnessed a roller coaster session on Friday as both the Sensex and the Nifty closed with modest gains but faced significant declines from their peak values. The barome...
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