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Gift Nifty indicates weak opening, but analysts see consolidation
Source: Hindu BusinessLine · 3 hr ago
Summary
Indian stock markets are expected to open flat to lower after Tuesday’s pull‑back, with the Gift Nifty pointing to a gap‑down opening of about 100 points. Analysts say earnings from recent corporate results are solid but profit‑taking, weak monsoon, inflation worries and rising oil prices could limit gains, while the market may stay cautiously bullish if key support levels hold.
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From the original report
Market opens flat to negative amid mixed results, with Nifty poised for consolidation despite improving earnings and IT strength.
Excerpt from Hindu BusinessLine.
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