The 50-share Nifty index is expected to open higher on Wednesday following mixed trend seen in other Asian markets. Tracking the momentum, the index may move around its crucial psychological level of 8,450 in trade today. At 08:00 a.m., Nifty India stock futures in Singapore were trading 20 points higher at 8484 indicating a positive opening on the domestic market.
Benchmark indices edged lower after worse-than-expected retail inflation data dented hopes of an interest rate cut by the central bank next month. The S&P BSE Sensex closed 28 points lower at 27,932.90, while 50-share Nifty ended at 8454.10, down 5.55 points on Tuesday.
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