Hang Seng sinks 2%, Nikkei hits new 34-yr high in Asia

Business Standard

Stock market live: Benchmark indices Sensex and Nifty may extend weakness for a second day on Friday as rate cut hopes get delayed post RBI’s policy meeting on Thursday. At 7:15 am, the Gift Nifty futures were down 50 points at 21,767 levels. 

Amid stock-specific action, shares of RVNL, LIC, IRCON will be in focus as investors react to their Q3 results. LIC’s Q3 standalone profit grew 49 per cent YoY to Rs 9,444 crore. 

All the available spectrum in 800, 900, 1800, 2100, 2300, 2500, 3300 megahertz (MHz) and 26 gigahertz (GHz) bands will be put to auction.

Global cues

In Asia, Nikkei rose 0.6 per cent to hit a fresh 34-year high. ASX 200 was up 0.18 per cent while Hang Seng sank 1.7 per cent. Other markets are closed for Lunar New Year. 

Overnight in the US, the S&P 500 inched 0.06 per cent up, the Dow rose 0.13 per cent and the Nasdaq added 0.24 per cent.

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