Sensex Flat, Nifty Holds 25,450: What’s Next for Indian Stocks
Sensex Flat, Nifty Holds 25,450: What’s Next for Indian Stocks
Indian indices end flat as markets weigh global cues and domestic data, with key support at 25,400 and resistance around 25,600 in focus.
Domestic benchmarks ended the session barely higher, with the Sensex slipping 27.46 points to 82,248.61 and the Nifty 50 inching up 14.05 points to 25,496.55. The market traded in a tight, choppy range for much of the day, staying above the crucial 25,400 support while facing resistance in the 25,570–25,600 zone. The broader 25,650–25,750 band continued to act as a notable supply area, limiting upside attempts, according to Ponmudi R, CEO of Enrich Money.
Top gainers among Sensex constituents included Bharat Electronics, up 2.21% to Rs 449, and Sun Pharma, which rose about 1.34%. Others like Adani Ports, Maruti Suzuki, Bharti Airtel, and State Bank of India also logged modest gains, between 0.75% and 1.23%. On the downside, Trent, Eternal, and Power Grid were among the notable laggards, with losses reaching up to about 1.6%. Five stocks—HDFC Bank, Eternal, Axis Bank, Power Grid, and Trent—contributed most to the Sensex’s decline during the session.
Market participants cited mixed global cues and cautious positioning ahead of the US-Iran nuclear talks, as well as several major data releases, including US initial jobless claims and India’s GDP print, for the tempered trading. The day underscored a phase of consolidation, with investors balancing domestic fundamentals against evolving international factors and the possibility of further volatility as key events unfold.
