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Podcast: MarketBuzz
Episode: Marketbuzz Podcast with Reema Tendulkar: Sensex, Nifty 50 likely to open with minor gains
Description: The GIFT NIFTY is indicating a calm opening for today's trading session, influenced by the mild cuts observed in US markets. The Dow and the S&P 500 experienced a slight downturn of about 0.2%, while the NASDAQ faced a 0.6% dip. Notably, the trading range in the Indian markets has been contracting, with the Nifty trading within a band of just 75 points yesterday, ranging from 19,754 to 19,829.
This narrowing trend is evident when comparing recent days; the Nifty's range was 86 points the day before and 138 points last week on Friday. This trend reflects a consolidation phase in the market.
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