Stock Market News :- The
Nifty is seen opening in the green on Friday in line with SGX Nifty, which was
up 59.50 points at 7071.50 at 7:41 AM. Asian markets opened with strong gains
taking a cue from the higher finish on Wall Street. Japan's January core-core
consumer price index (CPI) has come in 0.7 percent higher, compared to positive
0.8 percent in December. Japan’s Nikkei was up 1.16 percent, while Hang
Seng was higher by nearly 1.7 percent. Investors’ attention is now focussed on
the G20 finance ministers and central bankers meeting in Shanghai to
discuss global economic growth concerns. The two-day meeting started off
on Friday. US stocks closed higher, extending the previous day's massive
intraday reversal as oil prices rose. The major indices rallied into the close
with the S&P 500 rising 1 percent to top the 1,950-level many analysts
consider a resistance level. Europe markets posted strong gains, as investors
cheered on a positive set of corporate earnings. In currency trade, gains in US
and European stocks helped the dollar climb against safe-haven currencies.
Among other asset classes, crude prices were choppy in trade. Reports indicated
that OPEC members and Russia have agreed to meet in March to discuss capping
crude production at January levels. Gold prices held. steady at around USD 1230 an ounce
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