The Nifty continued to trade within a narrow band, holding above its immediate support zone. The index showed limited directional momentum during the session.
The Nifty continued to trade within a narrow band, holding above its immediate support zone. The index showed limited directional momentum during the session.
Benchmark indices traded on a muted note in the latest session, with the Sensex hovering near the flat line. Investors remained cautious amid mixed global cues.
Midcap stocks witnessed mild profit booking in the latest session after the sharp rally seen earlier this month. The midcap index underperformed the frontline benchmarks.
Public sector stocks continued to see stock-specific movement, with select counters attracting buying interest while others remained subdued. The broader PSU basket showed mixed undertone.
Automobile stocks traded in a narrow band in the latest session as investors stayed cautious ahead of upcoming monthly sales numbers. Most frontline auto counters ended with marginal moves.
Information technology stocks witnessed selective accumulation after the recent bout of profit booking. Frontline IT names saw mild recovery as investors looked for value at lower levels.
Shares of Tata Steel edged higher in the latest session, outperforming the broader indices. The stock showed resilience as metal counters remained relatively stable despite global commodity volatility.
State Bank of India continued to witness buying interest in recent trade, with the stock holding firm near its 52-week high. The counter remained active despite a range-bound broader market, indicating sustained institutional confidence.
Market participants attribute the resilience to stable asset quality trends and healthy credit growth outlook. PSU banking stocks have been seeing selective accumulation in recent sessions.
Analysts expect the stock to remain stock-specific in the near term, with investors closely tracking loan growth momentum and margin trajectory.
Fractal Analytics made a weak stock market debut, with shares falling about 5% below the issue price on listing. The company’s IPO had been fully subscribed but saw cautious investor participation toward the close.
Dairy major Milky Mist is moving ahead with its planned IPO in 2026 even as broader market volatility persists. The firm had earlier secured regulatory approval for the public issue and aims to complete the listing within the validity period.
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