Sensex and Nifty Indices Tread Water as Markets Open Steadily
Thursday, 12 September 2024, 19:36
Market Overview: Sensex and Nifty Remain Steady
As trading begins, Sensex and Nifty are projected to remain little changed, indicating a stable market outlook. Official data reflects that India's consumer price index holds steady, contributing to a sense of reassurance among investors.
Currency Activity
The Indian rupee opens higher at 83.95 against the dollar, providing some cushion for the market. Meanwhile, Asian markets exhibit muted movements as traders adopt a cautious stance.
Impact of Global Indices
- Treasury yields have declined, suggesting less pressure on fixed-income securities.
- The Japanese yen strengthens to 141 per dollar, highlighting fluctuations in foreign currencies.
Investors should watch these trends closely as they unfold throughout the trading day.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.