Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a gap-down opening on Wednesday tracking weakness across global markets after dire consumer confidence data from the US dampened investor optimism and fueled worries over recession.

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Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — fell as much as 211 points or 1.3 percent to 15,631 on Wednesday, suggesting a gap-down opening ahead on Dalal Street.

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First Published:Jun 29, 2022 8:38 AM IST