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The Nifty 50 index opened at 25,108.75, down by 60.75 points or 0.24 per cent, while the BSE Sensex slipped 184.45 points or 0.22 per cent to begin the session at 81,917.65.

Market experts highlighted that the momentum generated by the recent GST rate cuts has been overshadowed by rising concerns over the H1B visa issue, which is also seen as a drag on improving India-US trade relations.

Ajay Bagga, Banking and Market Expert, told ANI, “Asian markets are weak this morning. Indian markets are also pointing to a weak open. The momentum due to the GST rate cuts is counterbalanced by the overhang of US tariffs and the H1-B visa issues. FPI selling remains strong and promoter/PE-VC sales, along with a big primary issuance pipeline, is moving liquidity out from secondary markets.

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