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But it is certainly not good for anyone who might think about doing some bottom fishing in the Korean market. So, to an extent, it just does emphasise some of the qualities as an alternative that the Indian market does have.
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AJaj Bagga predicts an increase in crypto and gold prices due to political instability in South Korea. There will be a flight to safety, boosting investments in the yen, dollar, and US treasuries. South Korea's status as a key hub in global tech supply chains may be disrupted, affecting market sentiment.
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The Indian market is likely to consolidate on Wednesday, following mixed global cues. The Nifty futures closed positive on Tuesday, gaining 0.43% to settle at 24,534 levels. On the options front, the maximum Call Open Interest (OI) is at the 25,000 strike, followed by the 24,500 strike.
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