Market correction
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Sensex, Nifty expected to open weak; analysts foresee volatility
Indian benchmark indices Sensex and Nifty are expected to open with a downward bias on Thursday amid weak global cues. With the Budget being negative for markets (due to taxes on investments and STT) and weaker-than-expected results reported by India Inc. so far, analysts expect the correction to set in sooner. Gift Nifty at 24,142 points to a weak start as Nifty August futures are ruling at 24,492.