Sensex, Nifty, Share Prices LIVE: Domestic markets are expected to open weak on Wednesday as global pressures threaten to end Nifty’s 14-day rally. Gift Nifty, trading at 25,170, signals a potential gap-down opening of 170 points against the Nifty futures value of 25,340. Asian equities, led by tech firms, saw sharp declines after a slide in Nvidia shares and weak US factory data reignited recession fears. Tokyo and Taipei fell by 3%, while Korea’s KOSPI dropped over 2%, contributing to a negative market sentiment. However, analysts remain optimistic about the resilience of the Indian market, which is seen to be in a consolidation phase. Siddhartha Khemka of Motilal Oswal expects a gradual uptrend with sectorial rotation, supported by hopes of a US rate cut and foreign investor buying. Deepak Jasani of HDFC Securities highlights that despite intermittent volatility, Nifty has been strong, rising for fourteen consecutive sessions. India’s GDP is forecasted to grow at 7% in FY25.
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