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A decisive break below 23,500 could drive the index further down to the 23,300-23,200 range, where trend line support is located. While the overall market sentiment seems negative, it remains to be seen how Nifty performs around the 200-DEMA support, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
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The way firms deal with fare evasion will be examined amid concern about how passengers are treated.
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Chancellor Rachel Reeves has said firms will have to absorb higher taxes through their profits.
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