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Indian Equities Brace for Weak Open Amid Global Caution Ahead of Fed Symposium
Indian Equities Brace for Weak Open Amid Global Caution Ahead of Fed Symposium
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BTCCSquare news:
Indian equity markets face a tentative start as GIFT Nifty signals a 60-point gap-down opening, reflecting global market uncertainty. Investors remain sidelined ahead of the Federal Reserve's Jackson Hole symposium, where policymakers may signal the trajectory of US interest rates.
Equirus Securities' latest strategy report highlights a bifurcated market landscape. While maintaining bullish positions on autos, FMCG, and infrastructure sectors, the brokerage warns of valuation risks in building materials and real estate. 'Structural drivers remain robust, but cyclical pressures demand selective positioning,' notes research head Maulik Patel.
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