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Stocks in focus: Ruchit Jain of 5paisa recommends ONGC and Birlasoft Futures today
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Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50, began Tuesday's trading day down, following their Asian peers and weak global cues. This was primarily due to investor fears already heightened by geopolitical tensions in the Middle East, as well as anticipation of a probable delay in US Federal Reserve rate cuts.
Tuesday's start of Asian markets was unfavourable mirroring the previous day's weaker closing on Wall Street due to the US retail sales data that was better than anticipated and the dwindling likelihood of an early rate cut by the US Federal Reserve. At 9:46 IST, the NSE Nifty 50 was down 0.37% at 22,189.50, while the S&P BSE Sensex was down 0.51% to 73,026.84.
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