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This Article is From Apr 21, 2015

Indian Markets Likely to Open on a Flat Note Tracking SGX Nifty

Indian Markets Likely to Open on a Flat Note Tracking SGX Nifty
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The Indian benchmark indices, Sensex and Nifty are likely to open on a flat note tracking Nifty traded on Singapore's exchange.

The SGX Nifty at 7:40 a.m, was down 0.02 per cent or 1 point at 8,463.

Other Asian stocks were firm on Tuesday after China's latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt.

The Chinese central bank on Sunday cut the amount of cash banks must hold as reserves in its latest attempt to spur lending and combat a slowing economy. The news followed reports last week about a crackdown on margin lending there, which had sent global equity markets lower on Friday.

Japan's Nikkei was up 0.8 per cent and Hang Seng advanced 1.2 per cent. While, China's Shanghai Composite was down 0.6 per cent.

Back home, Sun Pharma, Wipro, HCL Technologies and Mahindra and Mahindra will be in focus today.

(With inputs from Reuters)

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