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US stocks settled higher in overnight trade, but a four-day drop in the rupee can trigger foreign outflows from domestic equities. Add to that the indecisive technical charts and mixed cues from Asian markets, and any upside for domestic stocks would look limited for now. Here’s breaking down the pre-market actions. STATE OF THE MARKETS Nifty futures on the Singapore Exchange traded 14 points, or 0.09 per cent, lower at 14,932 in signs that Dalal Street was headed for a weak start on Friday. Tech View: Nifty hurdle at 14,900 Nifty50 on Thursday closed almost where it had opened earlier in the day, thus forming an indecisive Doji candle on the daily chart. The index stayed above the key short-term moving averages, but weakness at a key resistance point, 14,900, made analysts believe any upside for the index may be capped for now.

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