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The Nifty50 is expected to open higher on Thursday on positive cues from other Asian markets. The index ended 22.5 points, or 0.2 percent, lower at 10,526 on Wednesday.
Trends witnessed on the Singaporean Exchange indicate a positive opening for the Nifty back home. The SGX Nifty was trading at 10,588.50, up 0.32 percent from its previous close.
The S&P 500 eked out a small gain, while the Dow declined after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes, Reuters reported.
Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014, though the potential boost to inflation globally also pressured fixed-income assets.
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