By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.15% or 28.5 points higher at 8:40 am on Monday, indicating a muted-to-positive opening on Dalal Street.
Major indices on Wall Street ended mixed on Friday as the November payrolls report instilled expectations that the US Fed would stick to its rate hike path to combat the high inflation.
Nonfarm payrolls climbed more than anticipated by 263,000, while wage growth ran higher despite recessionary pressures ahead.
Stocks across Asian markets traded mostly higher on Monday amid investor expectations that China’s steps towards toning down the pandemic restrictions would fuel the global growth outlook and commodity demand.
Oil prices rose sharply on Monday, thanks to relaxations of strict Covid measures in China, while the OPEC kept production steady at its latest meeting.
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