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Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 39 points or 0.37 percent.The Nifty50 is likely to open with a gap on the higher side on Monday tracking SGX Nifty which was signaling an up move of over 40 points in morning trade. The index closed 108 points higher at 10,491.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 39 points or 0.37 percent. Nifty futures were trading around 10,543-level on the Singaporean Exchange.
US stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year.
Asian markets rose early on Monday, tracking gains seen on Wall Street as US bond yields receded from recent four-year highs in the last session. Japan's Nikkei 225 soared 292.69 points, or 1.34 percent while the Kospi added 0.42 percent, CNBC reported.
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