Stock Market Live Updates - 6 September 2024: Sensex, Nifty trade flat as traders await US jobs report impact
Sensex, Nifty, Share Prices LIVE: On Friday, September 6, 2024, Indian equity markets opened lower, with the Sensex at 82,171.08 and the Nifty50 at 25,093.70, reflecting cautious sentiment ahead of critical U.S. payroll data. Global market uncertainty and mixed Asian cues contributed to the subdued opening. Prashanth Tapse from Mehta Equities noted that market optimism over cooling U.S. inflation has shifted to concerns about a slowing U.S. economy. Vikram Kasat of PL Capital warned of upcoming macroeconomic events, including the U.S. jobs report and inflation data, which could impact market directions. The GIFT Nifty was down 60 points, signalling a negative start for domestic indices. FIIs sold equities worth Rs 688 crore, while DIIs bought ₹2,970 crore. Sectoral movements showed buying interest in consumer and media stocks, while realty and auto sectors faced profit booking. The India VIX fell 1.18%, indicating lower market volatility. Investors await the U.S. jobs report for further guidance on the Federal Reserve’s policy decisions.