Cautious Investors Drag Nifty 50 Down in Mid-Morning Trade

Key Highlights

• Index Movement: Nifty 50 slipped 0.15% earlier in the session, now holding at a modest decline of 0.13%, signaling volatility in mid-morning trade.
• Market Timing: The downturn was recorded around 11:30 AM IST, coinciding with mixed cues from Asian markets.
• Investor Sentiment: Traders are seen booking profits after recent highs, while awaiting clarity on global interest rate trends.
• Sectoral Trends: Banking and IT stocks showed mild weakness, while energy counters provided some support.
• Outlook: Analysts suggest the index may remain range-bound through the day, with resistance near 26,200 and support around 26,050.