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GIFT Nifty:
Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 42 points at the opening bell.
Global markets:
Overseas, Asian stocks are trading are mixed as China's consumer price index fell in July, for the first time in 28 months. Data on Wednesday showed China's consumer prices fell 0.3% in July from a year ago. Producer prices dropped for a 10th consecutive month.
Overnight in the U.S., all three major indexes saw a selloff after Moody's downgraded the credit rating on several regional banks, citing deposit risk, a potential recession and struggling commercial real estate portfolios.
Markets are waiting for the U.S. inflation report on Thursday.
Domestic markets:
Back home, benchmark indices ended with small losses on Tuesday, snapping a two-day gaining streak. The barometer index, the S&P BSE Sensex slipped 106.98 points or 0.16% to 65,846.50. The Nifty 50 index shed 26...
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