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Indian stock markets began Wednesday with minimal movement. The Sensex saw a slight increase, while the Nifty opened lower. Investors are closely watching the ongoing conflict between Iran and Israel-US. This cautious trading follows a sharp rebound in the previous session. Key sectors like Metal and Pharma showed gains, while Auto and FMCG faced declines.
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Oracle on Tuesday predicted that the AI ​data center boom will power its revenue above Wall Street estimates ​well into 2027, sending its shares up 8% in extended trading.
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The initial public offering of SoftBank’s PayPay ​is likely to price around the low end of its marketing range as war in the Middle East roil markets, said ‌two people ⁠familiar ⁠with the matter.
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As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be in an overall uptrend.
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