Indian benchmarks opened flat on Thursday as investors paused after a three-day rally. The Nifty50 hovered near 25,870 while the Sensex traded close to 84,400, with broader indices muted. Traders cited a lack of fresh triggers, caution around event risks, and watchful eyes on global cues and domestic policy signals.
Markets open steady after recent gains
Indian equities began Thursday’s session on a subdued note, with the Nifty50 opening nearly flat around 25,872 and the Sensex near 84,456, reflecting a breather following strong advances earlier in the week. The tone was cautious even as supportive macro readings and global optimism lingered, with traders eyeing consolidation near key technical levelsMoneycontrol.
Key highlights from the opening bell
Benchmarks at equilibrium:
Nifty50 opened flat around the 25,870–25,900 band; Sensex steadied just shy of 84,400, signaling a pause in momentum after three sessions of gains.
Broader market tone:
Bank Nifty dipped modestly at open (near 58,200), while midcap and smallcap gauges were largely unchanged, indicating muted breadth versus recent sessions.
Technical watchpoints:
Immediate Nifty support pegged near 25,800 with overhead resistance close to 26,000, framing a tight trading range for day participants.
Macro backdrop:
Sentiment remains supported by easing inflation and expectations around policy continuity, though markets may “take a breather” absent new domestic triggers.
Event sensitivity:
Commentary pointed to limited political catalysts being priced in and the possibility of reactive moves if anticipated outcomes diverge from expectations.
What traders are tracking today
Sector rotation and leaders:
After IT/auto-led gains midweek, attention shifts to whether defensives or cyclicals take the baton as indices consolidate.
Flows and positioning:
With indices near record zones, participants are watching if profit-taking emerges ahead of fresh catalysts, and whether global risk sentiment sustains support for Indian equities.
Expiry dynamics and levels:
Intraday mechanics around index levels (25,800/26,000 for Nifty) and expiry-linked flows could set the tone for breakout or mean reversion trades.
Overall, the session began with a measured tone—no clear trigger to extend the rally, but no shock to unwind it either. Price action near well-defined support and resistance bands suggests a day of range-bound trading unless fresh news tilts the balance.
Sources: Moneycontrol, Financial Express, NDTV Profit