Stock Market Live Updates 7 January 2025: Sensex, Nifty gain on global cues, but market sentiment remains weak

Sensex, Nifty, Share Prices LIVE: Indian stock markets opened on a positive note on Tuesday, with Sensex up by 359 points at 78,324 and Nifty gaining 145 points to reach 23,761, driven by favourable global cues. However, domestic sentiment remains weak due to high valuations and a lack of positive triggers at both macro and micro levels. On Monday, markets suffered a sharp sell-off, with the Sensex falling 1,258 points and the Nifty dropping below 23,650, largely due to fears over the spread of the human metapneumovirus (HMPV). Additionally, concerns over rising Foreign Portfolio Investor (FPI) outflows and a tightening liquidity environment in the banking sector contributed to the market’s decline. As earnings season approaches and global factors such as the stronger U.S. dollar and rising bond yields impact emerging markets, analysts predict heightened volatility in the near future.