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In Australia, the S&P/ASX 200 fell 1.64 per cent on its first trading session of 2023, while South Korea’s Kospi dipped 1.9 per cent. Hong Kong’s Hang Seng index slipped 1.15 per cent, while the Shanghai Composite in mainland China fell 0.44 per cent. Markets in Japan and New Zealand are closed for public holidays Tuesday.
In Australia, the S&P/ASX 200 fell 1.64 per cent on its first trading session of 2023, while South Korea’s Kospi dipped 1.9 per cent. Hong Kong’s Hang Seng index slipped 1.15 per cent, while the Shanghai Composite in mainland China fell 0.44 per cent. Markets in Japan and New Zealand are closed for public holidays Tuesday.
Among triggers, the US FOMC meeting minutes (to be released on Wednesday), rupee’s trajectory, FII fund activity, commodity prices, and newsflow around Covid-19 shall guide the market trend.
Oil explorers: Shares of ONGC, RIL and Oil India are likely to be in focus on hike in windfall tax on petroleum, crude oil and aviation turbine fuel (ATF). The government has raised windfall tax on crude oil to Rs 2,100 per tonne from Rs 1,700 with effect from January 03. Export tax on diesel rose to Rs 7.5 per litre.
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