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Last Updated : Jun 16, 2015 09:07 AM IST | Source: Moneycontrol.com

Nifty likely to open in red on weak global cues

Globally, the US markets ended lower as investors remained anxious over stalled Greece debt talks and ahead of the two-day Federal Reserve meeting that begins today.


The Indian equity market is expected to open marginally in the red with the SGX Nifty trading at 7994, down 5.50 points at 7:20am.

The  market on Monday saw some buying interest despite late global jitters. The Nifty reclaimed 8,000 led by oil, FMCG, pharma, auto and select private banking & financials stocks.


Globally, the US markets ended lower as investors remained anxious over stalled Greece debt talks and ahead of the two-day Federal Reserve meeting that begins today.

European equities too closed lower after talks between Greece and its creditors collapsed at the weekend. The Asian shares nursed marginal losses early today, following the US market.

In other asset classes, the dollar traded weak as investors turned their focus towards a US rate decision due today. Crude continued to trade lower as United Nations talks offered a chance for peace in Yemen where crude exporter Saudi Arabia is involved in a civil war.


Precious metal gold continued to trade around USD 1180 an ounce as Greek uncertainty supported prices.

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Back home, diesel got cheaper by over Re 1 per litre, but petrol prices continue to rise with the rate going up by over 60 paisa. This is the third hike in just the last two months.

Russian telecom major Sistema is in talks with Anil Ambani's Reliance Communications to merge their operations. Sistema operates in 9 circles in india and has 10 million subscribers.



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First Published on Jun 16, 2015 07:37 am
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