Sensex, Nifty is likely to have a gaping opening

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As of 7:30 a.m., Nifty futures were trading up 0.89% on the Singapore Stock Exchange.

Domestic stock markets are expected to open strong, posting losses from the previous session, on positive global signals. Trends on SGX Nifty indicate an opening gap for the index in India, with a gain of 144 points. As of 7:30 a.m., Nifty futures were trading at 17,772, up 144 points or 0.89% on the Singapore Stock Exchange.

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Asia-Pacific stocks rose Thursday morning, with Hong Kong stocks leading the gains. Japan’s Nikkei 225 rose 1.43 percent, while the Topix index climbed 0.66 percent and South Korea’s Kospi rose 1.09 percent.

Wall Street rebounded on Wednesday after the senior Republican in the US Senate backed an extension of the US debt ceiling and Russia calmed volatile natural gas markets in Europe. The Dow Jones rose 0.3%, the S&P 500 0.41% and the Nasdaq Composite rose 0.47%.

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On October 6, the BSE Sensex lost 555.15 points to 59,189.73 and the Nifty lost 176.30 points to 17,646.

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