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Muted Opening Likely as GIFT Nifty Signals Caution in Thin Trade
Weak cues from GIFT Nifty and thin year-end volumes suggest a cautious market opening, with focus shifting to earnings momentum and range-bound currency movement.
Indian equity markets are expected to open on a subdued note on Friday as GIFT Nifty indicated early weakness amid thin year-end volumes. Nifty futures on the NSE International Exchange slipped 62.10 points, or 0.24%, to trade near 26,111, pointing to a cautious start. The rupee is also seen opening largely flat, tracking muted regional currency moves and staying range bound near the 90 level.