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Amid steady gains in the GIFT Nifty index, key benchmark indices are seen edging higher in early trades Tuesday. While the market undertone remains bullish, selective profit-taking cannot be ruled out. The two big catalysts to trickle in this week are the US FOMC Minutes to be released on Wednesday, and the US non-farm payrolls data for June to be announced on Friday. There are chances that domestic and global markets may move in a range due to lack of cues from the US markets, which will be closed on Tuesday for the Independence Day holiday.
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