- Summary:
- The Nifty opened flat and consolidated during the day to close marginally in the green, up 1.15 points, at 25,280 for the 14th straight session.
- The BSE Sensex reached a new all-time high yesterday but ended the day slightly in the red zone amid the current global market uncertainties, indicating cautious Investor sentiment.
The Nifty 50, benchmark indices and BSE Sensex concluded Tuesday’s trading session with minimal changes. The market experienced subdued sentiment and lacked significant triggers, leading to a quiet day for investors.
The Nifty (INDEXNSE: NIFTY_50) opened flat and consolidated during the day to close marginally in the green, up 1.15 points, at 25,280 for the 14th straight session. On the daily charts, we can observe that the Nifty has been inching higher steadily. Notably, 12 out of the 30 stocks in the BSE Sensex ended the day in green.
Analysts said the main drivers of the Nifty 50 are IT stocks. Investors are pumping money into IT stocks because they expect a revival in IT-based products.
The markets were rangebound and in the red throughout the day as investors awaited the release of US manufacturing data later in the day. The data Set to be released on Friday will determine the rate cut the US Federal Reserve will make.
The BSE Sensex
The INDEXBOM: SENSEX reached a new all-time high yesterday but ended the day slightly in the red zone amid the current global market uncertainties, indicating cautious Investor sentiment. Despite the milestone, the market couldn’t maintain momentum as the main sectors, financial services and technology, saw mild declines, pulling the index into negative territory. Investors remained cautious, causing a decline after the record-setting session. India’s leading stocks, like Hindustan Unilever and Reliance Industries, showed resilience, closing the day with some gains.
