Indian benchmark indices closed practically flat on Tuesday after early losses, as IT positive aspects balanced declines in client shares. Weak company earnings, international outflows, and world commerce considerations saved sentiment cautious.
– Sensex fell 29.47 pts to 75,967.39; Nifty 50 misplaced 14.20 pts to 22,945.30.
– Financials dragged: Nifty Financial institution (-0.4%), PSU Financial institution (-0.5%), IndusInd Financial institution (-2.4%).
– IT shares rose: IT index gained 1%, led by Persistent Techniques (+4.7%) after J.P. Morgan’s bullish name.
– Smallcaps & Midcaps fell: Nifty Smallcap 100 (-1.4%), Midcap 100 (-0.1%).
On Monday, the Sensex and Nifty snapped an eight-session dropping streak—their longest since February 2023—to shut marginally increased. Nonetheless, the benchmarks stay about 13% beneath their all-time highs from September and have declined 3.5% year-to-date, weighed down by weak company earnings for 2 consecutive quarters, persistent international outflows, sluggish home development, and world commerce uncertainties.
World Markets: European shares hit report highs, Japan’s Nikkei rose 0.5%, and China’s markets gained post-Xi’s assembly with enterprise leaders. The rupee slipped 0.1% to 86.95/USD amid greenback demand.
