Sensex and Nifty Update: July 9, 2024

Opening: Sensex and Nifty opened positively despite expectations of volatility.

Sensex :Up 169.52 points to 80,129.90
Nifty    : Up 43.25 points to 24,363.80

Market Analysis:

  • Focus shifting towards upcoming earnings reports from Indian companies.
  • Analysts predict a flat to slightly positive earnings growth for Q1 FY25.
  • Key sectors like Auto and BFSI expected to drive growth.
  • Technical outlook: Market remains stable with potential corrections.