Indian benchmark indices BSE Sensex and Nifty 50 witnessed profit booking during today’s session as investors turned cautious amid rising geopolitical tensions and global market weakness. Banking and FMCG sectors showed resilience, while IT and metal stocks remained under pressure.
Market participants closely tracked crude oil movement and foreign institutional investor activity as uncertainty surrounding global trade and inflation continued affecting sentiment. Domestic investors, however, continued providing support through selective buying.
Analysts believe Indian markets may remain volatile in the near term due to war-related developments and concerns regarding energy prices and inflation.
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