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LIVE market updates: The key benchmark indices are likely to start Monday’s session lower amid weak global cues heightened by interest rate hikes expectations and the growing geo-political tension around Russian and Ukraine.
At 8:10 am, the SGX Nifty Futures were 200 points down at 17,147, as against the Nifty’s spot close on the previous day.
On Friday, the US markets crashed heavily with Dow Jones down 1.4 per cent and Nasdaq (2.8 per cent) after Washington warned that Russia had massed enough troops near Ukraine to launch a major invasion, and that an attack could begin any day.
Oil prices ended last week at fresh 7-year highs. Brent crude surged 3.3 per cent to $94.44 a barrel, and WTI crude soared 3.6 per cent to $93.10, a barrel.
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