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The Nifty50 is likely to open higher and may even hit record highs on Wednesday following positive trend seen in other Asian markets. The index closed 36 points higher at 11,356 on Tuesday.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 22.5 points or 0.2 percent. Nifty futures were trading around 11,399.50- level on the Singaporean Exchange.
US stocks rebounded on Tuesday, boosted by gains in industrial shares following reports of renewed trade negotiations between the United States and China, said a Reuters report.
Asian shares rose on Wednesday, following gains on Wall Street, as a report of attempts to renew talks between the United States and China eased trade war fears, but investors will be keeping a close eye on data due today, it said.
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