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Indian benchmark indices, Sensex and Nifty 50, are expected to open flat to positive on December 6, following GIFT Nifty's performance. On December 5, the market closed higher, with the Sensex rising by 809.53 points to 81,765.86 and Nifty gaining 240.95 points to 24,708.40, marking a fifth consecutive session of gains.
GIFT Nifty suggests a positive start despite a significant drop in Asian markets. The Nifty50 closed at 23,914.15, down 360.75 points, with most sectors in the red, except for PSU Banks, Media, and Realty. A strong close above 24,350 could confirm a bullish pattern, with immediate resistance at 24,140 and support at 23,760.
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