Stock Market Live Updates 15 March 2024: Sensex, Nifty marginally lower in opening trade

Sensex, Nifty, Share Prices LIVE: Benchmark indices Sensex and Nifty opened a tad lower on Friday. Nifty was at 22,109.05, down 37.60 points or 0.17 per cent lower. Sensex slipped to 72,960.84, down 136.44 points or 0.19% lower.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the rebound in the market yesterday after Wednesday’s crash is unlikely to sustain. Brent crude rising to $85 and the 10-year US bond yield spiking to 4.29% are headwinds for the market. Results of the stress tests conducted by the mid and small cap schemes of mutual funds are expected today will be keenly watched by the market. If there are clear signs of stress, there can be regulatory action by SEBI, which will impact sentiment in the broader market. Even without stress tests one thing is clear: valuations in the broader market are expensive and in some pockets valuations are frothy. This is clearly unsustainable. Read More | Source: The Hindu Business Line