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Stocks are starting the week weaker as investors brace for bond-market volatility and assess the economic hit from the rapidly spreading Covid omicron variant.

Shares edged lower in Australia and South Korea. U.S. futures slipped after the S&P 500 posted the worst start to a year since 2016 as expectations of faster-than-anticipated U.S. interest-rate increases roiled bond markets. Japan is shut for a holiday Monday.

The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.5%, while MSCI Asia Pacific Index gained 0.1%. The NSE Nifty 50 Index added 0.4% Friday to 17,812.70.

TCS may react as the company plans to consider buyback. Foreign investors sold net Rs 1,700 crore of stocks on Jan. 6, according to NSDL website.

Continue Reading. Read more on Markets by BloombergQuint.



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