Sensex and Nifty are likely to open marginally lower on November 7 as trends in the GIFT Nifty indicate a negative start for the broader index with a loss of 16 points.
The benchmark Sensex and Nifty indices are likely to open marginally lower on November 7 as trends in the GIFT Nifty indicate a negative start for the broader index with a loss of 16 points. This comes after a mixed performance in the previous week, with the Sensex gaining 600 points on Friday and the Nifty closing flat for the week.
Several factors could contribute to the negative start on Tuesday, including concerns about global economic growth, rising inflation, and geopolitical tensions. Additionally, foreign institutional investors (FIIs) have been net sellers of Indian equities in recent months, which could also weigh on the market.
Despite the recent volatility, analysts say that the long-term outlook for the Indian market remains positive. The Indian economy is expected to grow at a robust pace in the coming years, and corporate earnings are also expected to improve.
