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The Nifty50 is likely to open flat with a positive bias on Thursday tracking muted trend seen in other Asian markets. The index closed 70 points higher at 10,769 on Wednesday.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 2 points or 0.02 percent. Nifty futures were trading around 10,775-level on the Singaporean Exchange.
Asian stocks got off to a cautious start on Thursday as investors remained nervous amid a looming deadline for Washington’s proposed tariffs on Chinese imports, leaving financial markets in a state of anxious uncertainty, said a Reuters report.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.03 percent after declining 0.4 percent the previous day. Japan’s Nikkei was down 0.1 percent, South Korea’s KOSPI was flat and Australian stocks rose 0.4 percent.
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