Sensex Today Live Updates : Firm global peers, Gift Nifty signal positive open for Indian markets; KMB, Britannia eyed
Read the full story here.)Sensex Today Live : Indian markets were expected to start on a positive note, following global peers higher as colling wages in the US firmed up anticipation of a sooner rate cut by the US Federal Reserve.Gift Nifty futures were trading at 22,686, around 200 points ahead of Nifty 50's Friday close of 22,475.Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.MSCI's broadest index of Asia-Pacific shares outside Japan edged more than 0.5% higher, while China's blue-chip index gained 1.4%.Chinese shares offshore posted strong gains last week while mainland markets were closed from Wednesday to Friday for the Labour Day holiday.Hong Kong's Hang Seng Index rose 4.7% last week and on Friday clocked its longest daily winning streak since 2018. It was last down 0.2%.The Nasdaq-listed Golden Dragon China Index jumped 5.5% last week.Similarly, in currency markets, the offshore yuan was last roughly 0.1% lower at 7.2013 per dollar, after strengthening more than 1% last week, in part due to a broadly weaker dollar.The People's Bank of China on Monday also lifted its official yuan midpoint to the highest in three weeks, catching up with movements offshore.
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