Benchmark equity indices closed somewhat higher coming arsenic investors exercised be aware successful ray of Operation Sindoor—a focused onslaught by Indian forces targeting violent locations successful Pakistan pursuing nan caller Pahalgam incident.
Focus is besides turning toward nan result of nan US Federal Reserve meeting. Market sentiment was volatile amid expanding tensions betwixt India and Pakistan. The Nifty managed to decorativeness supra nan 24,400 people aft dipping to a debased of 24,220 earlier successful nan session.
In nan latest trading session, nan S&P BSE Sensex roseate 105.71 points, a humble summation of 0.13%, closing astatine 80,746.78. The Nifty 50 scale besides saw a affirmative trend, gaining 34.80 points, aliases 0.14%, to decorativeness astatine 24,414.40.
Ajit Mishra – SVP, Research, Religare Broking said, "On nan scale front, Nifty is attempting to clasp nan 24,100 level; a breach could lead to further downside towards 23,800. Until then, nan scale is expected to waste and acquisition wrong nan 24,100–24,600 range. In nan existent scenario, traders are advised to adopt a cautious attack and debar fierce positions until nan marketplace stabilizes."
Notably, nan broader marketplace outpaced nan awesome indices, pinch nan S&P BSE Mid-Cap scale soaring by 1.36% and nan S&P BSE Small-Cap scale climbing 1.16%. Overall, nan marketplace showed a affirmative breadth.
Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services said, "Looking ahead, advancement connected nan U.S.-India waste and acquisition woody is expected to supply near-term support, particularly for export-driven sectors. Key geopolitical developments, firm net reports, and macroeconomic information from nan U.S. are apt to beryllium intimately watched, pinch nan imaginable for short-term consolidation depending connected really these factors unfold."
The NSE's India VIX, which measures marketplace expectations for volatility successful nan short term, accrued by 0.34%, reaching 19.06.
In position of assemblage performance, nan Nifty Auto scale led pinch a summation of 1.66%, followed by nan Nifty Consumer Durables scale astatine 1.18% and nan Nifty Realty scale astatine 1.12%, each outperforming nan Nifty 50 index.
On nan downside, nan Nifty FMCG scale fell by 0.52%, and nan Nifty Pharma scale declined by 0.33%, some trailing down nan Nifty 50 index.
Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.