Sensex, Nifty updates on 6 August 2024: Indian benchmark indices, Sensex and Nifty, trade firm in a relief rally on Tuesday after a sharp decline on Monday. At 1 p.m., the benchmark BSE Sensex rose 421.63 points, or 0.54%, to 79,181.03, while the broader NSE index gained 118.15 points, or 0.49%, to 24,173.75. 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.
