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Plea to permit functioning of textile shops in Madurai
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Dedicated facility to redress traders grievances planned
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Markets may see a gap-up opening on positive global cues
May 06, 2021
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Stocks to watch out for today: IDBI Bank, Indian Bank, Ceat, Oracle Financial Services Software, and Godrej Industries. Indian stock markets are expected to see a gap-up opening on Thursday, thanks to positive global cues, new liquidity measures announced by RBI and value buying at lower levels. However, concerns over economic recovery due to the spreading of the Covid-19 pandemic keep investors nervous.
The SGX Nifty at 14,735 (800 am IST) signals at least 50 points gain for Nifty futures, which on Wednesday closed at 14,679. Overnight US stocks ended on a mixed tone, with Dow Jones Industrial Average and S&P 600 gaining but the tech-focused Nasdaq closing in the red. After long holidays, Japanese markets opened on Thursday and is up two per cent. Other stocks in the Asia-Pacific region, such as Korea and Taiwan, are up, while Australia is down marginally.
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