Markets may remain volatile; Tata Steel, Eicher Motors, Hero Moto in focus

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MUMBAI: Markets are likely to see continuation of volatility while trends in SGX Nifty indicate a flat opening of Indian benchmark indices on Thursday. On Wednesday, the BSE Sensex closed at 54,525.93, down 28.73 points or 0.05% and the Nifty ended at 16,282.25, up 2.15 points or 0.01%.

Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the coronavirus weighing on sentiment even as tame US inflation eased fears the Federal Reserve would rush to reduce its economic support.

That data also caused dollar to retreat against most major currencies and US Treasury yields to edge down overnight though both were steadier in Asian hours.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.25% in early trading, dragged by a 0.24% decline in Chinese bluchips. The Hong Kong benchmark fell 0.2% while Australian shares were largely flat…

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