Indian Stock Market Poised for a Positive Opening: Key Global and Domestic Cues
January 15, 2025: The Indian stock market is set for a positive opening on Wednesday, buoyed by favourable cues from global markets. After four consecutive days of decline, both the Sensex and Nifty indices ended higher on Tuesday, signaling short-term relief for investors.
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The Sensex gained 169.62 points (0.22%) to close at 76,499.63, while the Nifty 50 rose 90.10 points (0.39%) to end at 23,176.05. Analysts, however, remain cautious, citing factors like weak global sentiment, rupee depreciation, low earnings growth, and foreign institutional investor (FII) outflows.
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Experts believe the short-term relief in the Indian markets may face challenges from broader global uncertainties and domestic economic concerns. Siddhartha Khemka of Motilal Oswal Financial Services stated that weak global cues, a falling rupee, and FII outflows continue to weigh on market sentiment.
With the Sensex and Nifty likely to open higher, market participants are advised to remain vigilant as volatility persists in both global and domestic markets.
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Indian stock market, Sensex today, Nifty forecast, Gift Nifty, Asian markets, US producer prices, crude oil prices, gold prices, global market trends, FII outflows.
This post was published on January 15, 2025 8:31 am
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