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Sensex down 150 points, handy below 18,100; TVS engine up 3%

Last updated: January 25, 2023, 9:26 AM IST

A man looks at a screen across the road showing the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.  (File photo/Reuters)

A man looks at a screen across the road showing the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (File photo/Reuters)

Markets are likely to experience a volatile session on Wednesday as the monthly M&A due date for derivative contracts in January will keep investors busy.

Sensex Today: Benchmark indices started lukewarm on Wednesday. Wednesday is likely to be a volatile trading session as the monthly M&A expiration date for derivative contracts in January will keep investors busy.

Global signals

Asian stocks extended their winning streak, reaching their highest level in seven months on Wednesday, with South Korean stocks leading the way, and the Australian dollar hitting multi-month highs as rising inflation made higher interest rates more likely.

The S&P 500 ended nominally lower Tuesday at the end of a rocky session marked by a series of mixed earnings and a technical glitch at the opening bell.

Crude oil prices rallied on Wednesday as demand recovery hopes from top importer China after exiting the COVID-19 pandemic provided support after prices fell in the previous session on concerns about global economic growth. Brent crude oil futures were up 59 cents, or 0.7%, to $86.72 a barrel by 0214 GMT after falling 2.3% in the previous session. US West Texas Intermediate (WTI) crude oil futures rose 46 cents, or 0.6%, to $80.59 a barrel, after falling 1.8% on Tuesday.

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