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148: Sensex, Nifty set for negative start after Urjit Patel resignation; SBI, Lupin, in focus

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Manage episode 223063114 series 2326402
Content provided by CNBC-TV18. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CNBC-TV18 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Indian market is set for a negative start after Reserve Bank of India's (RBI) governor Urjit Patel tendered his resignation with immediate effect on Monday.

"Markets certainly will be concerned unless there is further clarification that comes through tonight," R Sivakumar, head of fixed income at Axis Mutual Fund, told Reuters.

Indian investors are also cautious ahead of the outcome of the assembly elections in the five major states — Rajasthan, Chattisgarh, Madhya Pradesh, Mizoram and Telangana — which is due Tuesday.

At 07:15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 1.51 percent at 10,359.00, indicating a negative opening for the Indian market.

  continue reading

1228 episodes

Artwork
iconShare
 
Manage episode 223063114 series 2326402
Content provided by CNBC-TV18. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CNBC-TV18 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Indian market is set for a negative start after Reserve Bank of India's (RBI) governor Urjit Patel tendered his resignation with immediate effect on Monday.

"Markets certainly will be concerned unless there is further clarification that comes through tonight," R Sivakumar, head of fixed income at Axis Mutual Fund, told Reuters.

Indian investors are also cautious ahead of the outcome of the assembly elections in the five major states — Rajasthan, Chattisgarh, Madhya Pradesh, Mizoram and Telangana — which is due Tuesday.

At 07:15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 1.51 percent at 10,359.00, indicating a negative opening for the Indian market.

  continue reading

1228 episodes

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