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Stock market live updates: The benchmark Sensex and Nifty indices are likely to start the new week on a tepid note after a rough close on Friday.
At 7:40 am, the SGX Nifty futures were around 10 points higher at 17,575.
Bank of England, and Bank of Japan will announce their policy decisions on Thursday.
Besides, the US Fed Chair’s comments will be keenly monitored for cues on whether the economy could hit a recession due to the aggressive rate hikes.
That said, among stocks, ONGC will be in focus as it has asked the government to scrap windfall profit tax levied on domestically produced crude oil and instead use the dividend route to tap into its bumper earnings. Read here
Also Read : Stocks to Watch: ACC, Ambuja, Adani Power, ONGC, Zomato, Hero MotoCorp
Inox Wind will also be tracked as the company’s subsidary Inox Green Energy Services has reportedly received SEBI’s nod to launch its Rs 740 crore IPO.
The Dow Jones Industrial Average dropped 139.40 points, or 0.45%, to close at 30,822.42. The S&P 500 shed 0.72% to end the week at 3,873.33. The Nasdaq Composite slid 0.90%
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