The 50-share Nifty index is expected to open lower on Wednesday following muted trend seen in other Asian markets. Tracking the momentum, the index may retest its crucial psychological level of 7,800-7,750 in trade today. At 08:00 A.M., Nifty India stock futures in Singapore were trading 61 points lower at 7,709 indicating a gap down opening on the domestic market.
Benchmark indices plunged over 2 per cent each on Tuesday in a later selloff, led by losses in banks, capital goods, metals, power and realty stocks. The S&P BSE Sensex closed 541.14 points lower or 2.07 per cent at 25,651.84, while Nifty plunged 165.10 points or 2.07 per cent to 7812.00.
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