Sensex, Nifty, Share Prices LIVE: Domestic markets are expected to open flat with a negative bias as mid- and small-cap stocks face pressure due to valuation concerns, while large-cap stocks are likely to consolidate. Analysts from Emkay Global Research expect the Reserve Bank of India to follow the U.S. Federal Reserve’s lead in cutting interest rates, potentially in October or December 2024, easing liquidity conditions. Despite weak overall demand, early signs of revival in rural consumption have been observed, driven by welfare spending and reduced inflation. In contrast, premium consumption is struggling due to tightening credit and job losses in white-collar sectors. The FMCG sector stands to benefit from the rural resurgence. Meanwhile, technical analysts note that Nifty faces resistance around the 25,600-25,620 levels and recommend a “Sell on Rise” strategy unless the index breaks above 25,620.
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