Sensex, Nifty, Share Prices LIVE: Asian markets opened cautiously as US stocks and Treasuries faced declines triggered by robust retail sales data, casting doubt on the possibility of Federal Reserve rate cuts in March. In India, the Gift Nifty exhibited a marginal 0.05% decline, marking an 11-point drop to 21,438.50 at 6:51 a.m. Technical indicators suggest a fragile market sentiment, with potential for a pullback rally if the Nifty surpasses the 20-day SMA. Shrikant Chouhan of Kotak Securities emphasizes monitoring key levels, while Rupak De of LKP Securities notes significant Bank Nifty decline with HDFC Bank sell-off. Asian equities experienced mixed results, with gains in Japan’s Nikkei 225 and South Korea’s Kospi, while Australia’s S&P/ASX 200 saw a decline. Traders are watchful as global uncertainties unfold, impacting markets worldwide.
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