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Indian shares set for flat open as foreign outflows offset Asian gains
Indian shares were set for a muted start on Wednesday as persistent foreign fund outflows offset positive cues from Asian markets, while concerns over the Middle East conflict remained an overhang. GIFT Nifty futures were at 23,343 points, as of 7:49 a.m. IST, indicating a flat start for the benchmark Nifty 50 index, which closed at 23,329 on Tuesday. Asian shares were headed for a sixth consecutive session of gains on Wednesday, as signs of continued consumer demand for AI-related applications supported technology stocks. MSCI’s broadest index for Asia-Pacific shares outside Japan rose 0...
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