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Podcast: MarketBuzz
Episode: Marketbuzz Podcast with Reema Tendulkar: Sensex, Nifty 50 set to rise amid global rally
Description: Indian benchmark indices — Sensex and Nifty 50 — are set to open higher in the trading session of November 3, following global peers as risk appetite has improved across global markets on optimism that the US Federal Reserve may not hike rates again in this cycle.
India's GIFT Nifty was up 0.70% at 19,357.50 as of 8:10 a.m. IST, over 200 points above the Nifty 50's Thursday close of 19,133.25.
Wall Street equities rallied overnight, with key indexes gaining over 1.5%, while U.S. 10-year Treasury yields fell to a three-week low. Asian markets advanced, with the MSCI Asia ex-Japan index gaining nearly 1%.
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