India’s Nifty 50 index traded at 25,960.65, up 0.2% at 10:56 AM IST, after paring early gains. Banking and IT stocks supported the rally, while profit booking capped upside. Analysts see near-term range-bound movement, with global cues and domestic inflation data shaping investor sentiment.
India’s benchmark Nifty 50 index pared some of its early gains but remained in positive territory, trading up 0.2% at 25,960.65 points as of 10:56 AM IST. The index had opened stronger, supported by buying in select banking and IT stocks, before easing slightly amid profit booking.
Key Highlights
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Current Performance: Nifty 50 is trading at 25,960.65, up 62.10 points or 0.24% from the previous close of 25,898.55.
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Sectoral Trends: Gains were led by banking, IT, and auto stocks, while energy counters saw mild profit-taking.
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Market Sentiment: Investors remain cautious ahead of upcoming U.S. Federal Reserve policy signals and domestic inflation data.
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Global Context: Asian markets traded mixed, with investors weighing U.S. tariff developments and oil price movements.
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Outlook: Analysts expect Nifty to remain range-bound in the near term, with 25,800 acting as immediate support and 26,200 as resistance.
This real-time update reflects the mid-morning market mood, where Nifty continues to hold modest gains despite volatility, signaling cautious optimism among investors.
Sources: Reuters, Economic Times, Moneycontrol