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Global mkts mixed; Nifty likely to open on negative note

Global cues, meanwhile, are mixed with the US markets closed mixed but the Dow ending at record highs. European markets closed higher on Friday over relief after Scotland voters rejected independence and chose to remain in the United Kingdom. Asian markets, however, are trading lower in morning trade.

Global mkts mixed; Nifty likely to open on negative note

The News International Team

The Indian equity market is likely to open trade on a marginally weak note with the SGX Nifty, an indicator of the market opening, trading at 8066.50, down 58.50 points.

Major market indices managed to defend crucial levels of 27,000 for the Sensex while the Nifty tested water above 8,100.

Global cues, meanwhile, are mixed with the US markets closed mixed but the Dow ending at record highs. European markets closed higher on Friday over relief after Scotland voters rejected independence and chose to remain in the United Kingdom. Asian markets, however, are trading lower in morning trade.

In other asset classes, the dollar rose against a basket of major currencies on Friday as investors bet that US interest rates would rise more quickly than expected. In commodities, crude prices declined on continued concerns about ample supply at a time of weak global economic data and fragile demand.

Precious metal gold is trading around USD 1217, down nearly 1 percent on Friday as the dollar was buoyed by a decline in US jobless claims.

Shanghai market lost 0.7 percent in early trade today as eye the Chinese manufacturing sector data that will come out on Tuesday.

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