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The Nifty50 is likely to open with a gap on the higher side on Thursday tracking SGX Nifty which was signaling an up move of over 70 points in morning trade. The index closed 21 points lower at 10,476.The Nifty50 is likely to open with a gap on the higher side on Thursday tracking SGX Nifty which signaled an up move of over 70 points in morning trade. The index closed 21 points lower at 10,476.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 74.5 points or 0.71 percent. Nifty futures were trading around 10,526-level on the Singaporean Exchange.
Overnight, US stocks ran out of steam on Wednesday after an early surge, in a sign that investors are still spooked by the market’s recent retreat and wary more fallout is to come.
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