Stock Market Today: Nifty, Sensex likely to open flat; Adani, SBI in focus

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Navneet Choudhary
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Stock Market Today

Stock Market Today: According to SGX Nifty, domestic indices may start off Tuesday's trading session flat. In today's early morning session, the Singapore Exchange's (SGX) Nifty futures were trading 15 points, or 0.08%, lower at 18,709.5. The majority of Asian markets were trading in green; Hong Kong's Hang Seng increased by 0.23%, China's Shanghai Composite index decreased by 0.30%, the Asia Dow increased by 0.21%, and Japan's Nikkei 225 increased by 0.19%. With the Dow Jones Industrial Average (DJIA) down 0.59%, the S&P 500 down 0.20%, and the tech-heavy Nasdaq down 0.09%, the US market concluded the overnight session in the red.

Stock Market Today: Tokyo stocks open lower after US falls

Tuesday saw a decline in Tokyo equities that followed a decline on Wall Street, where profit-taking had taken hold following a rise sparked by last week's legislative deal to avoid a catastrophic debt default.In the first minutes of trading, the benchmark Nikkei 225 index was down 0.78 percent, or 251.67 points, at 31,965.76. The larger Topix index was down 0.79 percent, or 17.61 points, at 2,202.18.

Wall Street indices slips after tepid report on economy

Following their greatest week since March, U.S. equities dipped down on Monday to begin what may be a calm week. To reach 4,273.79, the S&P 500 dropped 8.58 points, or 0.2%. The Nasdaq composite dropped 11.34, or 0.1%, to 13,229.43 and the Dow Jones Industrial Average dropped 199.90, or 0.6%, to 33,562.86.

A study revealing that growth fell short of experts' projections for companies in the construction, hospitality, and other U.S. services industries last month caused the majority of equities on Wall Street to decline. Even so, it marked the fifth consecutive month of growth.

Adani Group repays $2.65 billion loans to complete prepayment programme

The Adani Group has announced that it has repaid loans totaling $2.65 billion to finish a prepayment programme to reduce overall leverage in an effort to regain investor confidence after US short-seller Hindenburg accused the port-to-energy conglomerate of manipulating stock price.

The Adani group announced in a statement that it had redeemed $2.15 billion in loans by offering shares in the conglomerate's publicly traded companies, as well as another $500 million in loans obtained for the purchase of Ambuja Cement.

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