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Trends on SGX Nifty indicate a flat opening for the broader index in India, trading higher by 16 points at 10,401.The Nifty is likely to open flat to positive on Friday on the back of firm global cues. The index closed 14 points lower at 10,382.
Trends on SGX Nifty indicate a flat opening for the broader index in India, trading higher by 16 points at 10,401.
The 50-share index on Thursday closed below its crucial short-term moving averages but after forming bearish candles in the last 4 trading sessions, the bears seem to be losing momentum and chances of bounce-back looks possible, suggest experts.
Among global markets, Asian shares rebounded as comments from a Federal Reserve official eased worries that the central bank might raise rates more aggressively this year, while the safe-haven yen held on to its gains amid heightened volatility across markets, reported Reuters.
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