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Markets

India stock benchmarks set to open higher after pause near record highs

India's stock benchmarks, the Nifty 50 and Sensex, are expected to open higher after a period of profit booking that followed recent record highs. On Monday, both indices rose to new peaks but faced selling pressure, with the Nifty closing at 26,175.75 and the Sensex at 85,641.90. Market sentiment remains cautiously optimistic amidst mixed global cues and expectations for future monetary policy.

India stock benchmarks set to open higher after pause near record highs

Credit: Livemint

Key Highlights

  • Nifty 50 and Sensex set to open higher after recent record highs.
  • Monday's close for Nifty was 26,175.75, and Sensex was 85,641.90.
  • Profit booking led to a decline after reaching new peaks.
  • Market participants are awaiting clarity on rate-cut trajectory and trade developments.
  • Asian markets mostly higher while US markets ended lower due to rising Treasury yields.
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Sources

  1. India stock benchmarks set to open higher after pause near record highs
  2. Nifty 50, Sensex today: What to expect from Indian stock market in trade on December 2
  3. Indian stock market: 10 key things that changed for market overnight - Gift Nifty, Japan bond yields to Bitcoin prices

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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