Indian markets rose on Tuesday to their highest close in nearly two weeks, led by gains in lenders after the Reserve bank of India cut an overnight interest rate on Monday, further unwinding extraordinary measures taken to defend the rupee. The benchmark BSE index closed up 0.44 percent, or 88.51 points, at 19,983.61 after rising as much as 1.3 percent. The broader NSE index rose 0.38 percent, or 22.25 points, to end at 5,928.40.
European shares closed lower on Tuesday as the partial US government shutdown, now in its eighth day, continued to weigh on investor sentiment. US Stocks finished sharply lower for a second session Tuesday, with major averages hitting one-month lows, as investors digested comments from President Barack Obama on the ongoing political impasse in Washington.
Global cues are subdued today with them SGX Nifty is showing 40 points cut in morning trade indicating that Indian market would open soft today and Nifty is likely to trade range bound between 5950 and 5840.
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Nifty may trade between 5840-5950: Magnum Equity Broking
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