Gold prices remained firm in recent trade as global uncertainty supported safe-haven demand. Domestic prices also held steady in line with international trends.
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.
Foreign institutional investors have recently returned as net buyers, providing support to market sentiment after a phase of sustained selling. Improved liquidity conditions and stable macro indicators have aided the reversal in flows.
India’s primary market continues to show robust traction with a large number of firms preparing to tap the public markets. Market estimates suggest that more than 190 companies are lining up IPO plans targeting massive fund mobilisation.
The strong pipeline spans sectors such as fintech, telecom, and consumer internet, highlighting sustained investor appetite for new listings. The trend underscores confidence in domestic capital markets despite intermittent volatility in secondary markets.
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