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GIFT Nifty is moving lower, trading at a discount of nearly 500 pts to Nifty Futures Monday close, indicating a gap-down start for the Indian market

According to US President Donald Trump, he has requested that the United States Development Finance Corporation (DFC) offer risk insurance and assurances for the financial stability of all marine traffic, particularly oil, passing through the Gulf at a very affordable price.

Some of the stocks to look out for include ONGC, HPCL, Petronet, IGL, Cipla, Tata Motors CV, M&M and more.

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The Middle East’s happenings drove Monday’s gap-down opening for the Nifty. According to analysts, unless the index holds above 25,000, mood is expected to be negative; a fall below 24,600 might lead to a more severe decline.

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