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Benchmark indices Sensex and Nifty close slightly lower amid volatile trading, with blue-chip IT stocks taking a hit. Zen Technologies rose by 10%, Tata Motors saw a minor decline of 0.2%, and Data Patterns gained 9%. Experts suggest cautious trading strategies for these stocks.
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Stocks in Japan and Australia dropped while equity index futures for Hong Kong also drifted lower. Contracts for US stocks also slipped in early Asian trading after the S&P 500 climbed 0.2% on Wednesday to set a new high, with defensive sectors outperforming in a sign of investor caution.
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FTSE Russell said in October it would include India's sovereign bonds in its Emerging Markets Government Bond Index from September 2025. JP Morgan and Bloomberg Index Services have also announced the inclusion of the country's bonds in their indices, a move that will result in a flood of money into these securities.
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