Indian markets were closed for local holidays, even on Wednesday, following a close on Tuesday as well.

Other markets across Asia, like Japan too dropped, following weak cues. Indian markets are now expected to remain open on Thursday, following 2-days of holidays on Tuesday and Wednesday.

Markets may open slightly weakish following the global trend. In other asset classes gold was trading slightly weak at $1256 an ounce on fears that the US Fed would raise interest rates later in Decemeber.

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