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Sensex, Nifty To Open On Cautious Note

Indian shares look set to open on a cautious note Thursday as Wipro delivered a mixed set of quarterly numbers and voting began for the second phase of Lok Sabha elections.

Indian financial markets were closed on Wednesday on account of Mahavir Jayanti.

On Tuesday, benchmark indexes Sensex and the Nifty jumped around 1 percent to hit fresh record highs after the India Meteorological Department (IMD) forecast near normal south-west monsoon this season, with a well-distributed rainfall.

The rupee, however, fell by another 18 paise to close at 69.60 against the dollar, marking its third straight session of decline.

Asian shares are trading mixed this morning, as investors adopted a cautious stance ahead of business surveys in Europe and Japan as well as the Good Friday and Easter holidays.

The dollar index held steady while oil extended losses despite data showing a surprise drop in U.S. inventories.

Overnight, U.S. stocks ended slightly lower as investors digested a mixed batch of earnings news from prominent companies and positive economic data.

The Dow ended little changed, while the tech-heavy Nasdaq Composite slid 0.1 percent and the S&P 500 eased 0.2 percent.

European markets ended Wednesday's session mostly higher in reaction to strong data from the world's two largest economies.

The pan European Stoxx 600 inched up 0.1 percent. The German DAX rose 0.4 percent and France's CAC 40 index gained 0.6 percent, while the U.K.'s FTSE 100 finished marginally higher.

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