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Sensex, Nifty To Open On Cautious Note Amid F&O Expiry

(RTTNews) - Indian shares may open on a cautious note Thursday as rising tensions with Pakistan and lingering uncertainty about a potential U.S.-China trade deal may keep investors nervous.

Trading may turn volatile later in the day amid the expiration of near-month derivative contracts.

Benchmark indexes Sensex and the Nifty fell for the second day running on Wednesday, though markets ended well off their day's lows.

The rupee ended down by 17 paise to close at 71.24 against the dollar amid a flare up of geopolitical tensions.

Asian stocks remain broadly lower this morning and the dollar held firm above a three-week low while oil added to overnight gains after a large crude inventory draw.

U.S. stocks ended mixed overnight after U.S. Trade Representative Robert Lighthizer said that China needs to go beyond pledging to buy more U.S. goods to reach to a long-term trade agreement.

The Dow dropped 0.3 percent and the S&P 500 edged down 0.1 percent while the tech-heavy Nasdaq Composite inched up 0.1 percent.

European markets ended mostly lower on Wednesday, with sentiment dented by heightened geopolitical tensions and caution ahead of Trump's second summit with North Korean leader Kim Jong Un.

The pan European Stoxx 600 eased 0.3 percent. The German DAX shed half a percent, France's CAC 40 index slipped 0.3 percent and the U.K.'s FTSE 100 declined 0.6 percent.
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