Sensex Closes Almost Flat, Nifty Ends Above 24,580. What Lies Ahead?
Rising crude prices and Middle East uncertainty outweighed weaker U.S. jobs data, while 19 Sensex stocks and 25 Nifty stocks closed higher.
- On Monday, Mumbai benchmark indices BSE Sensex and NSE Nifty closed flat as gains from weaker-than-expected jobs data were offset by rising crude oil prices and Middle East uncertainty.
- Markets remained cautious amid the lack of progress toward a Middle East settlement and Iran's tougher stance on reopening the Strait of Hormuz, which discouraged aggressive risk-taking.
- The 30-share BSE Sensex closed 0.06 per cent higher, while the 50-share NSE Nifty gained 0.05 per cent; Nifty Realty jumped 1.35 per cent and Nifty PSU Bank fell 1.67 per cent.
- Hariselvan Radhakrishnan, founder and CEO of HST Wealth, noted that elevated crude oil prices leave investors mindful of impacts on India's inflation trajectory and broader macroeconomic outlook.
- Among Sensex firms, Titan gained 3.14 per cent, whereas shares of SBIN fell, with 19 of 30 Sensex companies closing in the green and 11 in the red.
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Sensex, Nifty End Flat as Profit Booking, Rising Crude Offset Early Gains
Get latest articles and stories on Business at LatestLY. Sectorally, the market witnessed a mixed session with realty, financial services and IT stocks leading the gains. Further, investors booked profits following the recent rally. Sensex closed in the green at 78,542.44, up 43.27 points or 0.06 per cent, likewise Nifty ended the session in the positive territory, settling at 24,583.80, up 13.15 points or 0.05 per cent. Business News | Sensex, …
Sensex, Nifty end volatile session flat, Titan and Bajaj Finance among top gainers
Meanwhile, the Indian rupee began the week under pressure, tracking a stronger US dollar and elevated commodity markets. From a technical standpoint, spot USDINR is expected to edge higher toward 95.60, with firm support seen at 94.90.
Sensex, Nifty open higher as FII buying and strong earnings lift mood
Indian benchmark indices opened higher on Monday as foreign buying and solid earnings supported sentiment. Investors remained watchful of crude oil, the rupee and global rate cues as gains stayed measured.
Sensex closes almost flat, Nifty ends above 24,580. What lies ahead?
Indian stock markets closed nearly unchanged as strong earnings countered Middle East worries. The Sensex and Nifty saw minimal gains while broader markets showed mixed performance. Titan shares led Sensex gainers, while SBI shares experienced a notable decline. Geopolitical uncertainty tempered risk appetite, though corporate results offered support. Analysts suggest a cautious technical outlook within a defined trading band.
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