The Indian equity market is expected to open in the red today with the SGX Nifty, an indicator of the market opening, trading at 7624.50, down 33.50 points at 7:40. The market saw its highest weekly loss in nearly four years with the Nifty and Sensex losing more than 4 percent last week. The Bank Nifty was down over 20 percent from its all-time high. Globally, US stocks closed more than 1 percent lower ahead of a long weekend on Friday as uncertainty about the timing of a rate hike and Chinese economic growth continued to weigh.
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