Stock Market LIVE Updates: Sensex and Nifty50 likely to make a muted start today

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Wall Street indices rallied on Friday

On Friday, the three main US indices soared as investors went on a buying spree, shrugging off concerns about the economic outlook.

–S&P 500: up 1.5 percent

–Dow Jones: up 1.2 percent

–Nasdaq Composite: up 2.1 percent

Earlier that day, a surge in banking shares lifted European markets on expectations of further monetary policy tightening by the ECB. The pan-European Stoxx 600 index finished 1.5 percent higher. Bankers expect the central bank to announce another hike of 75 basis points.