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Nifty, Sensex Edge Higher, Caution Prevails Ahead Of Earnings

The broader NSE Nifty was up 0.13 percent at 10,785.8 as of 0514 GMT, while the benchmark BSE Sensex was trading 0.20 percent higher at 35,923.33

Photo Credit : PTI

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Indian shares nudged up slightly on Tuesday, as investors booked some profits and waited on the sidelines for further cues ahead of the start of another corporate earnings season.

Global stocks witnessed a relief rally and risk appetite was favoured in the previous session after jitters about a global economic slowdown were soothed by strong U.S. jobs data and a dovish tone by the Federal Reserve.

“There is some profit booking after the rally we saw in the previous session and there is a lack of trigger for further upside in the market,” said Siddhartha Khemka, head of retail research at Motilal Oswal Securities.

“We see a bit of caution ahead of the start of another earnings season.”

Corporate results season will begin on Thursday with top software services exporters Tata Consultancy Services Ltd reporting results.

The broader NSE Nifty was up 0.13 percent at 10,785.8 as of 0514 GMT, while the benchmark BSE Sensex was trading 0.20 percent higher at 35,923.33.


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