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MARKET LIVE: Sensex positive aspects 150 factors, Nifty above 16,000 in pre-open,

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai (Photo: PTI)

Markets are prone to begin commerce on a wobbly observe amid unsupportive world cues. As of seven:40 AM, the SGX Nifty Futures quoted 15,924 ranges, down 42-odd factors on the Nifty50.

Traders will intently monitor macro information – wholesale inflation figures for the month of June. That mentioned, company earnings for June quarter 2022 (Q1FY23) will proceed to find out investor sentiments. ACC, L&T Infotech, Tata Elxsi will report Q1 numbers on Thursday, July 14.

Amongst particular person shares, Mindtree can be on buyers radar after the midcap IT agency reported 37 per cent YoY progress in web revenue at Rs 472 crore within the June quarter.

Globally, main indices within the Wall Road noticed a pointy fall on Wednesday after retail inflation soared 9.1 per cent year-on-year (YoY) in June. With this, buyers feared aggressive price hikes by the US Federal Reserve is extra possible. Main markets in Asia-Pacific, too, traded blended on Thursday morning.

In the meantime, costs of crude oil continued to stay beneath $100-mark per barrel. Brent Crude hovered round $99 per barrel and WTI Crude was at $96 per barrel.

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