At 7:20 AM, GIFT Nifty futures were trading approximately 8 points higher at 25,998 against Nifty futures close, suggesting a muted opening.
The Securities and Exchange Board of India (Sebi) has approved the introduction of a new asset class aimed at offering more flexibility to fund managers and targeting risk-oriented investors.
The market action is signalling a short term top reversal action for the Nifty and expect some more weakness in the coming sessions.
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