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Nifty 50 and Sensex set to open flat to positive on Aug. 4

Gift Nifty was around 24,669, about a 20-point premium to the Nifty futures’ prior close, after the Nifty 50 gained 1.6% on Monday.

Reported · Written up by our desk · India

India’s benchmark stock indexes, the Sensex and Nifty 50, are expected to open flat to positive on Tuesday, August 4, according to technical checks tied to global cues.

Reuters data cited by LiveMint Markets said Gift Nifty indicated a flat to positive start, trading near 24,669, about a 20-point premium versus the Nifty futures’ previous close.

On Monday, the Nifty 50 closed at 24,774.30, up 1.6% (390.70 points), while the Sensex gained 0.7% (544.39 points) to finish at 78,639.03.

Technical analysts cited by LiveMint Markets pointed to a decisive breakout in the Nifty 50 after a gap-up and a close above the 24,400 to 24,500 resistance zone, with 24,400 expected to act as near-term support and the index potentially moving toward the 24,800 to 25,000 area.

Latest closeSensex 78,094.64 ▲0.2%

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