Stock Market Highlights: Sensex and Nifty End Flat Amid Sectoral Tug-of-War
The Indian stock market witnessed a volatile trading session on Thursday, as monthly F&O expiry led to cautious sentiment among investors. While gains in financial and banking stocks supported the indices, losses in the automobile sector weighed on the overall market performance.
Indian Market Recap: Sensex and Nifty End Almost Unchanged
- Sensex Performance: The BSE Sensex closed marginally higher by 10.31 points (0.01%) at 74,612.43.
- Nifty 50 Performance: The broader Nifty 50 ended slightly lower by 2.50 points (0.01%), settling at 22,545.05.
- Sectoral Performance:
- Gainers: Banking and financial stocks provided stability to the market.
- Losers: The automobile sector dragged the indices down, with Trent falling 3% and Bajaj Auto slipping 2%.
The subdued closing reflects the tug-of-war between bullish sentiment in banking stocks and pressure from weak auto performance.
Global Market Influence: Nvidia Lifts Wall Street
Wall Street opened on a positive note after Nvidia’s strong forecast reassured investors about AI and tech demand. However, a rise in weekly jobless claims kept gains in check.
US Market Opening Figures:
- Dow Jones: Up 83.3 points (0.19%) at 43,516.44
- S&P 500: Up 25.8 points (0.43%) at 5,981.88
- Nasdaq Composite: Up 137.1 points (0.72%) at 19,212.36
- Key Takeaways for Traders & Investors
- F&O Expiry Volatility: Market participants adopted a cautious stance ahead of the expiry, leading to a muted session.
- Sector-Specific Impact: Banking stocks cushioned the fall, while autos faced selling pressure.
- US Market Cues: Nvidia’s positive outlook may boost sentiment for tech stocks globally.
- Macro Factors: Rising jobless claims in the US could influence global market trends in the coming days.
Outlook for the Next Trading Session
With F&O expiry behind us, the market may focus on global cues, economic data, and sectoral trends. Investors should watch banking and auto stocks closely for further developments.
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