India’s benchmark Nifty 50 index (.NSEI) turned positive in late trade, closing 0.15% higher. Gains in banking, metals, and select FMCG stocks offset weakness in IT and PSU banks. Market sentiment was supported by easing inflation trends and optimism over trade prospects, though volatility persisted throughout the session.
The Nifty 50 index staged a modest recovery on Thursday, ending 0.15% higher after a volatile trading session. The broader market witnessed mixed cues, with investors balancing optimism from easing inflation data against caution ahead of key political developments and global uncertainties.
Sectoral performance was uneven: metals, pharma, and realty stocks gained around 0.5%, while IT, media, and PSU banks slipped by a similar margin. Heavyweights such as ICICI Bank, Asian Paints, L&T, and Hindalco provided upward momentum, while Adani Ports, Bharat Electronics, and M&M dragged the index lower.
Analysts noted that while the Nifty’s move was modest, the resilience reflects underlying strength in domestic demand and investor confidence in India’s medium-term growth story.
Key Highlights
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Index Movement: Nifty 50 closed 0.15% higher after intraday volatility.
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Sectoral Trends: Metals, pharma, realty gained; IT, PSU banks, media declined.
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Top Gainers: ICICI Bank, Asian Paints, L&T, Hindalco.
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Top Losers: Adani Ports, Bharat Electronics, M&M.
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Market Context: Easing inflation supported sentiment; caution ahead of Bihar election results tempered gains.
The session underscores the market’s cautious optimism, with investors eyeing both domestic policy cues and global trade developments for near-term direction.
Sources: Moneycontrol, Economic Times