Stock Market Live Updates: Sensex, Nifty open weak amidst lack of positive cues

Sensex, Nifty, Share Price LIVE: India’s Sensex and Nifty commenced the day with a weak stance amidst global market uncertainty. The Sensex dropped by 47.73 points to 71,338.48, and the Nifty slid by 9.65 points, trading at 21,535.20 early in the session. Analysts noted global markets’ struggle for direction, particularly driven by mixed US stocks. Kyle Rodda from Capital.com highlighted softer inflation data and equity valuation hikes, citing anticipated aggressive rate cuts. YES Securities’ Q3 preview hinted at optimistic topline growth and robust PAT growth but emphasized challenges in EBITDA margins. Rodda cautioned about potential market volatility amid central bank projections and suggested cautious trading, echoed by Ajit Mishra of Religare Broking Ltd., advising hedged bets amidst potential economic shifts. Thursday’s focus will be on major corporate earnings from companies like Infosys and HDFC Asset Management. Read More | Source: The Hindu Business Line