{"id":46805,"date":"2024-05-08T02:26:21","date_gmt":"2024-05-08T02:26:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/05\/08\/sensex-nifty-set-for-muted-start-3\/"},"modified":"2024-05-08T02:26:21","modified_gmt":"2024-05-08T02:26:21","slug":"sensex-nifty-set-for-muted-start-3","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/05\/08\/sensex-nifty-set-for-muted-start-3\/","title":{"rendered":"Sensex, Nifty Set For Muted Start"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares may struggle for direction at open on Wednesday as U.S. rate concerns lingered and an escalation of the military operation in Rafah fueled uncertainty about a ceasefire in Gaza. <\/p>\n<p>The United States has played down the deadly Israeli assault on Rafah and said it would push for the ceasefire deal. <\/p>\n<p>On the earnings front, Hero MotoCorp, L&amp;T and Tata Power are among the prominent companies that will unveil their quarterly earnings results today. <\/p>\n<p>Benchmark indexes Sensex and Nifty fell around half a percent and 0.6 percent, respectively on Tuesday despite firm cues from global <span class=\"landLinks\">markets<\/span>. The rupee ended marginally higher at 83.51 against the dollar. <\/p>\n<p>Asian markets lacked a clear direction this morning and gold slipped toward $2,300 per ounce while the dollar was on the front foot on hawkish Fed comments. Oil extended overnight losses on industry data showing rising U.S. stockpiles. <\/p>\n<p>Overnight, U.S. stocks gave up early gains to end on a flat note as investors awaited more clarity on when the Federal Reserve may start cutting interest rates. <\/p>\n<p>Buying interest waned in the afternoon after Minneapolis Federal Reserve President Neel Kashkari suggested interest rates may need to remain at current levels for an &#8220;extended period.&#8221;<\/p>\n<p>The Dow finished marginally higher to extend gains for the fifth consecutive session and reach a one-month high. <\/p>\n<p>The S&amp;P 500 inched up 0.1 percent to close higher for a fourth straight session while the tech-heavy Nasdaq Composite slipped 0.1 percent. <\/p>\n<p>European stocks rose for a third straight session Tuesday on the back on encouraging bank earnings and solid economic data. <\/p>\n<p>The pan European STOXX 600 jumped 1.1 percent. The German DAX rallied 1.4 percent, France&#8217;s CAC 40 added 1 percent and the U.K.&#8217;s FTSE 100 climbed 1.2 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Set For Muted Start<\/a><br \/>\n<br \/>2024-05-08 02:26:21<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares may struggle for direction at open on Wednesday as U.S. rate concerns lingered and an escalation of the military operation in Rafah fueled uncertainty about a ceasefire in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":46806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-46805","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46805"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46806"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}