Sensex, Nifty, Share Prices LIVE: The new month begins with a negative outlook due to mixed global and domestic cues. The US Federal Reserve’s decision to maintain interest rates has confused market watchers. Fed Chair Jerome Powell’s statement about inflation taking longer to decline has added to the uncertainty. In India, the GDP collection for April reached an all-time high, driven by a 5.2% growth in core sector output in March, though slower than in February. The core sector, led by steel, coal, cement, and power industries, is expected to remain a key driver of the Indian economy. Additionally, GST collection in April hit a record high, reflecting strong economic activity, particularly in northern states. The Nifty is expected to open negatively, with FPIs building long positions and liquidating short positions in Index futures.
