Stock Market Live Updates 8 January 2025: Weak start for Sensex, Nifty amid mixed Asian cues and GDP concerns

Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, opened lower on Wednesday, reflecting a negative sentiment amid disappointing macroeconomic data. The BSE Sensex fell by 85 points to 78,113, while the NSE Nifty dropped 4 points to 23,703. The GDP growth forecast for FY25 is set at 6.4%, a decline from the previous year’s 8.2%. According to Arsh Mogre, an economist at PL Capital - Prabhudas Lilladher, nominal GDP growth is projected at 9.7%, indicating persistent inflationary pressures.

While agriculture shows resilience with a 3.8% growth, industrial growth is expected to slow to 6.2%, hampered by weak exports and global demand. Private consumption, however, is anticipated to recover with a 7.3% growth rate, driven by improved rural sentiment. Key sectors like construction and financial services are showing strong performance, though others exhibit signs of deceleration.

Asian stock markets are mixed, with Japan and Taiwan markets in decline. Investors are keenly watching for GDP data and performance reports, with healthcare expected to gain traction amid developments regarding the HMPV virus.