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The Nifty50 is expected to open flat-to-lower on Tuesday tracking muted trend seen in other Asian markets and retest its crucial support around 200-day exponential moving average (DEMA) placed around 10,090.The Nifty50 is expected to open flat-to-lower on Tuesday tracking muted trend seen in other Asian markets and retest its crucial support around 200-day exponential moving average (DEMA) placed around 10,090. The Nifty50 closed 100 points lower at 10,094 on Monday.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 26 points or 0.26 percent. Nifty futures were trading around 10,089-level on the Singapore Stock Exchange.
US stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares, Reuters reported.
The Dow Jones Industrial Average fell 335.6 points, or 1.35 percent, to close at 24,610.91, the S&P 500 lost 39.09 points, or 1.42 percent, to 2,712.92 and the Nasdaq Composite dropped 137.74 points, or 1.84 percent, to 7,344.24.
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