Indian benchmark indices closed lower after profit booking in information technology stocks offset gains in banking and financial shares. Investors remained cautious amid mixed corporate earnings, uncertainty over global interest rates and persistent geopolitical tensions. Foreign institutional investors (FIIs) continued to adopt a selective approach, while domestic institutional investors (DIIs) provided buying support that helped limit the overall decline. (reuters.com)
Market participants are now focusing on upcoming quarterly earnings, crude oil prices and macroeconomic indicators for further direction. Analysts believe stock-specific action is likely to dominate in the near term, with sectors such as banking, capital goods and defence expected to remain in focus. If global cues improve, benchmark indices could witness renewed buying interest in the coming sessions.
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