Stock Market Live Updates 6 August 2024: Sensex and Nifty open strong as global markets rebound

Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, opened positively on Tuesday after a sharp decline on Monday, influenced by a global market rebound. The 30-share BSE Sensex rose by 222.57 points to 78,981.97, while the NSE Nifty gained 134.25 points to 24,189.85 in early trading. Although Indian stocks did not experience as severe a drop as Japan’s Nikkei, Nasdaq, or other Asia-Pacific markets, analysts noted a cautious sentiment. Small-cap and mid-cap stocks may remain under pressure, while large-caps are expected to be relatively stable. Analysts believe that India’s strong macros and investor participation offer partial insulation from global sell-offs and advise accumulating quality stocks during corrections. Japan’s Nikkei, which plunged 12.40% on Monday, rebounded nearly 10% on Tuesday. Korea’s Kospi and Taiwan’s Index also recovered. Experts caution investors to monitor global events closely and maintain a careful approach.