MARKET UPDATE: Indian equity markets are likely to open on a choppy ground
Published On: Tuesday, June 28, 2022 | By: Team KnowMyStock
The Indian equity markets are likely to open on the choppy ground today(28 June 2022) as investors' moods turn cautious overseas. As of 7:58 AM, the SGX Nifty Futures quoted 15,736 levels, indicating a cut of 96-odd points on the Nifty50. Globally, the US equity markets turned muted as all major indexes on Wall Street dropped in trade on Monday, June 27. Dow Jones slipped 0.2 percent, the S&P 500 dropped 0.3 percent, and NASDAQ Composite fell 0.7 percent. Today morning, major markets in Asia-Pacific, too, traded mixed as covid-19 clampdown drowned hopes of a robust recovery. While Hong Kong's Hang Seng index was 0.7 percent, Japan's Nikkei 225 advanced 0.4 percent. Among individual stocks, Bajaj Auto will see some action as the board-approved buyback worth up to Rs 2,500 crore. Besides that, Moody's upgraded Tata Steel's outlook to 'positive' from 'stable' on strong operational performance backed by a healthy liquidity position.
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