Domestic markets are expected to open with marginal gains on Monday, thanks to positive global cues. According to anlaysts, global events are likely to navigate domestic markets in the short term. In the short term, the focus will be on US Federal Reserve, which will deliberate on monetary policy this week. As the Fed will declare the outcome of the meeting on June 14, analysts expect domest markets to move in a range till the event. SGX Nifty at 18,687 indicates a gap up opening of about 50 points for Nifty.

Source: The Hindu June 12, 2023 08:26 UTC