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Positive global cues to help Nifty open in green

Stocks in the US gained on a sharp jump in oil prices boosted by geopolitical concerns following weekend terror attacks in Paris. Major indices closed more than 1 percent higher, recovering some of their sharp declines of last week.

With the Asian markets bouncing back in early trade, the US market closing one percent up and the market indicator SGX Nifty also trading 42 points up around 7869, the Indian equity market is likely to open in the Green.

Stocks in the US gained on a sharp jump in oil prices boosted by geopolitical concerns following weekend terror attacks in Paris. Major indices closed more than 1 percent higher, recovering some of their sharp declines of last week. On the economic data front, November empire manufacturing index came in at minus 10.

In Europe equities ended mixed to slightly higher as investors digested the potential impact of a series of terrorist attacks in Paris on Friday night.

From the currency space, the dollar added on to gains as investors continue to expect an interest rate hike from the Federal Reserve.

From other asset class, Gold prices continue to decline with it currently trading around 1080 dollars an ounce.

Crude prices gained despite worries of a global glut of crude supplies.

more to come

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