Mumbai: Indian stock markets began the day on a tentative note, with the Sensex dropping 123.31 points (0.15%) to 82,207.28 in early trade. The Nifty 50 remained nearly flat at 25,024.40, as weak global trends dampened investor sentiment.
The GIFT Nifty, an early market indicator, hovered at 25,070, suggesting a muted start. Analysts expect the ongoing rally to slow, with attention turning to domestic earnings and economic data for future direction. Broking firm ICICI Direct noted that foreign capital flows, a key driver of recent gains, will remain crucial.
Key Factors Influencing Markets:
- Global Trends: Weak Asian markets weighed on domestic indices.
- FPI Activity: Foreign investors continued net buying, supporting the rally.
- Sectoral Movement: IT stocks lagged, while financial shares provided stability.
Stocks in Focus:
- Gensol: In spotlight after recent updates.
- Delhivery: Gaining investor traction.
- Dr. Reddy’s: Under watch following new developments.
Outlook:
Traders are advised to stay cautious amid a lack of major triggers. Markets will likely take cues from upcoming earnings and economic indicators for further movement.
(Inputs from agencies)
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