MARKET LIVE: Indices open flat, Nifty below 15,850; OMCs gain

Are living industry updates: Early developments on the SGX Nifty indicated a weak start off for the domestic benchmark indices on Tuesday. Panic of inflationary pressures owing to greater energy charges might maintain the indices beneath strain following OPEC+ nations named off talks on output ranges.

Oil advertising corporations (OMCs) will be in the highlight in present day trade amid the oil rate surge, despite the fact that buyers will also keep track of other inventory-unique developments as well as Covid and monsoon-relevant updates.

Asian stocks were being continual early Tuesday as traders weighed the bounce in crude oil charges. South Korea’s Kospi traded 50 {bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} a for every cent greater, while Japan’s Nikkei was up .33 for every cent and Australia’s ASX200 acquired .22 for every cent. US stocks and Treasury markets were being closed Monday for the Independence Working day getaway.
Oil charges rose on Monday, with Brent investing all around two-and-50 {bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d}-12 months highs, at $77.eleven a barrel, up one.two for every cent, following OPEC+ ministers abandoned the talks and established no new date to resume them, following clashing last week when the United Arab Emirates rebuffed a proposed eight-month extension to output curbs.

(with inputs from Reuters)