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The Indian markets closed lower, with the Sensex down 398 points and the Nifty slipping 122.65 points. The Nifty's recent swing low of 24,753 may provide short-term support, while 25,200 remains strong resistance. High open interest is noted at 25,000 and 24,800 strike prices.
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Indian market snapped 2 days of gains to close in the red on Wednesday, tracking muted global cues.The S&P BSE Sensex fell nearly 400 points while the Nifty50 managed to hold on to 24,900 levels.
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The property listing website said the offer from its Australian rival was 'wholly opportunistic'.
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