Sensex, Nifty, Share Prices LIVE: Indian markets are likely to open on a positive note, buoyed by a strong recovery in global markets. However, Nifty faced resistance at 24,350, leading to a choppy session. Analysts, including Nagaraj Shetti of HDFC Securities, noted that Nifty’s inability to surpass this crucial level suggests a potential for further consolidation or short-term weakness. A decisive move above 24,350 could reignite bullish momentum, but a slide below 23,900 may trigger another correction. Emkay Global remains bullish on Indian equities over the next 2-3 years, citing India’s resilient balance sheet and growth prospects. However, rich valuations could prompt near-term corrections, seen as buying opportunities. The Reserve Bank of India’s status quo on rates was expected, with analysts like Apurva Sheth of SAMCO Securities emphasizing the central bank’s cautious approach amidst global uncertainty. Markets are now looking for fresh triggers, with global and domestic factors likely to drive the next moves.
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