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Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 64.5 points or 0.61 percentThe Nifty50 is likely to open with a gap on the downside on Thursday tracking SGX Nifty which was signaling a down move of about 60 points in morning trade. The index closed 61 points lower at 10,492.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 64.5 points or 0.61 percent. Nifty futures were trading around 10,454-level on the Singaporean Exchange.
US stocks sold off late to end sharply lower on Wednesday, dragged down by continued worries over rising interest rates, and the Dow and S&P 500 capped their worst months since January 2016, said a Reuters report.
The S&P 500 also snapped a 10-month straight run of gains, which had been its longest monthly winning streak since an 11-month run from March 1958 to January 1959, it said.
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