Sensex, Nifty, Share Prices LIVE: The domestic markets are likely to open on a weak note, amid global pressure. Gift Nifty at 24,800, signals a gap down of 100 points for Nifty. According to analysts, the stock markets have already discounted a 25 bps cut in interest rate by the US Federal Reserve in the upcoming meet. However, if the cut is any bigger, the market would see an instant bounce back, they added.
According to experts, currently, there is no domestic trigger for the market, though there are concerns over valuation; our markets are likely to remain in consolidation phase.
Meanwhile, Japan’s Nikkei and Taiwan’s main index have tumbled over 2 per cent in early deals on Monday. Other stocks in the Asia-Pacific are also down between 0.3 and 1.5 per cent
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