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Indian Shares Seen Up On Earnings Optimism

(RTTNews) - Indian shares are likely to open higher on Monday as investors react to upbeat earnings reports from the likes of Reliance Industries and UltraTech Cement.

All eyes are now on the upcoming Union Budget amid expectations it would lay the foundation for a long-term economic growth path.

Larsen and Toubro, Kotak Mahindra Bank, UCO Bank and ICICI Securities are among the prominent companies that will unveil their quarterly earnings results later today.

Asian markets remain broadly higher this morning and the dollar held steady ahead of this week's Federal Reserve policy meeting.

Gold edged higher on U.S. stimulus hopes while oil prices fell for a second straight session after China reported a climb in new Covid-19 cases, raising fresh concerns about global fuel demand.
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