Sensex, Nifty, Share Prices LIVE: The Indian benchmark indices, Sensex and Nifty, opened lower due to weak global cues. At 10 a.m., Sensex tumbles 1270.75 pts or 1.57 % at 79,711.20, while Nifty fell 427.55 points or 1.73% at 24,290.15. This decline was in line with broad losses in Asian markets, with the Nikkei plummeting over 6% and other markets such as Korea, Taiwan, and Australia seeing declines ranging from 2.5% to 7%. Analysts anticipate increased market volatility in India due to factors such as the unwinding of the yen carry trade, geopolitical tensions, and a perceived slowdown in developed economies. Moreover, recent weak US job data and low inflation have fueled expectations for a Federal Reserve rate cut in September. Despite global pressures, analysts expect Indian markets to consolidate as earnings align with high valuations. Key factors influencing market movements this week include the RBI’s interest rate decision, macroeconomic data, and global trends. Foreign Portfolio Investors (FPIs) have begun August with caution, selling ₹1,027 crore in equities after significant inflows in July. The Japanese Nikkei’s decline amid economic concerns highlights the global context impacting Indian markets.
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