Sensex, Nifty, Share Prices LIVE: Indian markets are set for a positive opening on Tuesday, buoyed by bullish momentum in US stocks. Gift Nifty at 24,670 suggests a gap-up opening of approximately 70 points for Nifty. However, analysts expect the market to remain in a consolidation phase due to a lack of domestic triggers. With the Q1 earnings season concluded, attention has shifted to global events, particularly Federal Reserve Chairman Jerome Powell’s upcoming speech at the Jackson Hole Economic Policy Symposium, which is expected to provide insights into future interest rate policies. Sector rotation and stock-specific activities are likely to dominate, with niche sectors like sugar drawing attention due to festive demand and potential government action on ethanol pricing. Analysts also emphasize the importance of monitoring the Banking index and global developments, as these factors are expected to influence market dynamics significantly. Technically, Nifty’s failure to sustain gains and increased volatility signal caution for bulls.
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