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Market Head-start: Nifty likely to open flat; United Spirits, Siemens top buys.

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Alliance Research
Market Head-start: Nifty likely to open flat; United Spirits, Siemens top buys.

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 41 points gain or 0.37 percent.

Nifty futures were trading around 11,012-level on the Singaporean Exchange.

The Nifty50 is expected to open flat on Wednesday following positive trend seen in other Asian markets as hopes of diminishing U.S.-China tensions and reduced risk of no-deal Brexit lifted sentiment.

On Wall Street, the S 500 ended little changed as a rally in energy and industrial shares countered a drop in the technology and real-estate sectors with investors favouring value over growth, said a Reuters report.

The rupee pared initial gains to settle almost flat at 71.71 against the US dollar on Monday as rising crude oil prices kept investors edgy.

On the institutional front, FPIs were net sellers in Indian markets for Rs 188 cr while the DIIs were net buyers to the tune of Rs 686 cr, provisional data showed.

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