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Nifty may open flat with negative bias; Asia trades mixed

Asian markets opened up mixed this Monday morning with the Nikkei trading steady despite some disappointing data.

The Indian equity market is likely to open on a flat, albeit negative note today, with the SGX Nifty trading at 7887.50, down 3 points at 7:45.

In global markets Asia opened up mixed with the Nikkei trading steady despite some disappointing data.

Japan’s factory output for the previous month fell 1 percent month-on-month, compared to market expectation of a 0.6 percent drop.

The dollar declined against a basket of currencies, putting it on track for its steepest monthly loss since April, as traders resumed booking profits on their bullish bets. 

Nymex crude prices halted gains near a three-week high as Iran repeated its goal of boosting exports after sanctions on the country are lifted.

Gold prices remained largely flat at around USD 1075 an ounce.

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