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Market Summary

The markets are expected to open on a flat note on April 6, as trends in the SGX Nifty indicate a muted start for the broader index with a loss of 48 points after a robust end to the last trading session on Wednesday when Nifty ended 159 points higher at 17,557. SGX futures were at 17,589 levels. US stocks continued to trade mixed after snapping four day winning streak in the last trading session as investors look towards OPEC+ production cuts and inflation impact of the same with uncertainty still looming for the global economy. Tata Steel output grows 3% to 7.77 MT in Q4; sales fall 3.43% to 7.59 MT. Adani Ports closes FY23 with 9% higher cargo at 339 million metric tonnes. Reliance Retail launches Tira to take on Nykaa, Tata Cliq in beauty space. Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges. Religare Enterprises To Acquire MyInsuranceClub. Yes Bank posts 11% rise in credit in March quarter. Ujjivan Small Finance Bank's Q4 Deposits Rise 39% To Rs 25,481 crore.

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