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MARKET LIVE: SGX Nifty gains 40 points; Burger King India to list today
LIVE markets: Burger King India is expected to have a strong debut at the bourses after the public offer was subscribed 156.65 times
Topics
MARKET LIVE | Markets | Sensex
SI Reporter |
Last Updated at December 14, 2020 08:13 IST
EVENT HIGHLIGHTS
Photo: Kamlesh Pednekar
LIVE updates: The SGX Nifty was trading 45 points up at 13,580 levels, at 7:30 AM, indicating yet another record-breaking opening for the Indian markets today on the back of positive global cues. While a last-gasp extension to Brexit talks dodged a hard divorce. the historic mission to vaccinate more than 100 million people in the United States began today.
Back home, newsflow on the vaccine approvals front, foreign fund flow, macro data, and stock-specific developments will remain the driving forces for the markets.
Apart from these, Brent crude oil movement, foreign fund flow and the Rupee's trajectory would also be watched by investors.
New listing
Burger King India's Rs 810 crore IPO will debut at the bourses today. The quick-service restaurant chain is expected to have a strong debut as its IPO had received an overwhelming response from investors, with the public offer being subscribed 156.65 times.
Global cues
Global cues
Asian stocks started a busy week with guarded gains as investors gauged the chance of added US fiscal and monetary stimulus,
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent. Japan’s Nikkei added 0.4 per cent and Australia's ASX 200 rose half a per cent.
In commodities, oil prices edged higher on Monday, with Brent crude futures rising 12 cents to $50.09 per barrel.
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