Synopsis : Indian equity benchmarks traded in a narrow range as global cues remained mixed and investors stayed cautious after recent losses. While Sensex and Nifty hovered in the red, PSU bank stocks stood out with strong gains.
Sensex Today | Nifty50 | Stock Market LIVE Updates:
Indian equities traded largely flat to mildly negative on Wednesday, attempting to stabilise after two straight sessions of losses. Investors weighed mixed global signals and inconclusive US jobs data, which failed to significantly alter expectations around the interest-rate trajectory.
In early trade, the Sensex slipped over 100 points, while the Nifty50 fell below the 25,850 mark, reflecting continued caution amid foreign portfolio investor (FPI) outflows and a weakening rupee. Market participants remained wary following Tuesday’s sharp sell-off, when both indices extended losses for a second consecutive session.
On Tuesday, the S&P BSE Sensex declined 533 points (0.63%) to close at 84,679.86, while the NSE Nifty50 dropped 167 points (0.64%) to 25,860.10. Persistent foreign selling pressure and uncertainty surrounding a potential US trade deal kept sentiment fragile.
Sectoral Performance
Despite the subdued headline indices, the Nifty PSU Bank index gained nearly 1%, emerging as the top-performing sector of the day. Select public-sector lenders attracted buying interest on valuation comfort and expectations of stable asset quality.
Other sectors traded mixed, with investors adopting a wait-and-watch approach ahead of clearer global cues and currency movement.
Global Market Cues
Global markets offered little direction:
S&P 500 futures were largely unchanged in Asian trade
Japan’s Topix was flat
Australia’s ASX 200 slipped 0.2%
Hong Kong’s Hang Seng edged up 0.1%
Shanghai Composite and Euro Stoxx 50 futures were little changed
The lack of strong global triggers added to the muted trading trend in domestic equities.
Disclaimer : This article is for informational purposes only and should not be considered as investment advice. Stock market investments are subject to market risks; readers are advised to consult a certified financial advisor before making any investment decisions.
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