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Stock market live updates: Benchmark indices Sensex and Nifty are eyeing a positive start to Thursday’s trade tracking some strength in the global markets, which recouped losses from a day before. At 7:15 am, the Gift Nifty futures quoted 70 points higher at 21,989.
In the last session, the two frontline indices had staged a sharp rebound from their intra-day lows with BSE Sensex ending 1,000 points higher from its intra-day low.The weekly F&O expiry and stock-specific action will provide cues for today’s trade.
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Global cues
Asian markets were mixed this morning with Nikkei and ASX 200 rising up to 0.8 per cent even as the Japanese economy slipped into a recession with its Q4 GDP growth falling 0.4 per cent, second time in a row. Kospi and Hang Seng pared gains to decline.
Overnight in the US, indices recovered as the S&P 500 gained 0.96 per cent, the Dow was 0.4 per cent and the Nasdaq added 1.3 per cent.
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