Foreign institutional investors remained selective in the cash market, leading to intermittent volatility. However, steady domestic institutional buying helped cushion the downside.
Foreign institutional investors remained selective in the cash market, leading to intermittent volatility. However, steady domestic institutional buying helped cushion the downside.
Silver prices witnessed volatility and traded with a mild negative bias in the latest session. The metal underperformed gold during the day.
Gold prices remained firm in recent trade as global uncertainty supported safe-haven demand. Domestic prices also held steady in line with international trends.
The banking index displayed relative strength compared to the broader market. Select PSU and private banks witnessed steady accumulation.
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.
Banking heavyweight State Bank of India outperformed the broader market and touched a fresh 52-week high in the latest session. The stock advanced around 0.8 percent even as the benchmark index closed lower.
Indian equities witnessed mild pressure in the latest session with benchmark indices trading on a softer note. The BSE Sensex slipped amid broad-based selling, reflecting cautious global cues and profit booking at higher levels.
Investor interest in the clean energy space received a fresh boost after CleanMax Enviro Energy Solutions announced its public issue plans. The firm has fixed a price band of Rs.1000–Rs.1053 per share for its upcoming IPO.
Technical indicators suggest the Nifty 50 is currently trading near an important resistance band around the 25,700–25,800 zone. A decisive breakout above this range could open the path toward the 26,000 mark.
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