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The key benchmark market indices are likely to start trade for Samvat 2079 on an upbeat note owing to a strong rally in the US
on Friday. Dow Jones rallied 750 points. The S&P 500 and Nasdaq too surged 2.5 per cent each.
As of 05:05 PM, the SGX Nifty quoted at 17,905 – indicating a likely a gap-up of almost 300 points on the Nifty 50 benchmark.
Among individual stocks, Reliance Industries will be in focus after the company reported a minor dip in Q2 net even as net revenue grew by a healthy 37.3 per cent YoY in the September quarter to Rs 2,30,055 crore.
Flashback Samvat 2078 – The benchmark Sensex and Nifty ended marginally lower for the first time since Samvat 2071. However, the highlight of the year was the resilience of domestic markets and their sharp outperformance to global peers. READ MORE
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