Due to global cues, Sensex and Nifty open poorly analysts warn of overbought signals

Nifty, Sensex, and Stock Prices LIVE: Due to conflicting global cues, the Indian main indices, the Sensex and Nifty, began sluggish on Tuesday. The NSE Nifty dropped 9.55 points to 23,249.65, while the BSE Sensex declined 84.32 points to 76,405.76). The market's confidence was observed by analysts as a result of the major portfolios' continuity, especially with Nirmala Sitharaman serving as Finance Minister. After seeing the market's dramatic V-shaped rebound, Ruchit Jain of 5paisa.com recommended that any corrections be viewed as a necessary component of the uptrend. Following the portfolio allocation, attention now turns to policy initiatives of various government ministries. But worries about possible populist policies surface.

UBS India Chief Economist Tanvee Gupta Jain emphasized the importance of a broad-based capital expenditure recovery. The India VIX dropped by 2.71 points.Stock Market Today| Share Market Live Updates - Get all the latest information on the Indian stock markets, share prices, Sensex, Nifty, BSE, and NSE for June 11, 2024, right here.