Stock Market Live Updates: Sensex, Nifty poised for subdued start with spotlight on IT stocks

Sensex, Nifty, Share Prices LIVE: India’s benchmark indices, Sensex and Nifty, anticipate a subdued start on Friday, with focus on information technology stocks as TCS and Infosys highlight soft client spending. GIFT Nifty at 21,723 suggests NSE Nifty 50 opening near Thursday’s close. Wall Street held steady despite higher-than-expected CPI data, and Asian equities saw marginal gains. Tata Consultancy Services flagged demand uncertainty due to persistent U.S. inflation and recession concerns, while Infosys tightened its fiscal 2024 revenue forecast and noted weakness in client spending. Nifty and Sensex, down 0.29% and 0.42% this week, might experience a second consecutive weekly decline after a robust two-month rally. Investors await domestic inflation data, crucial for Reserve Bank decisions, particularly impacting inflation-sensitive sectors. Read More | Source: The Hindu Business Line