Indian markets traded in a narrow range today after Monday's sharp rally, as investors turned cautious ahead of the U.S. Federal Reserve policy decision and ongoing Q1 earnings announcements.
Key Highlights
Nifty 50 remained around the 23,950–24,000 zone, while the Sensex was largely flat with a slight negative bias.
IT stocks outperformed, supported by a brokerage upgrade for the sector.
FMCG came under pressure after disappointing earnings from Hindustan Unilever.
Midcaps were largely flat, while smallcaps underperformed.
Brent crude eased, providing some support to overall market sentiment, but investors stayed cautious ahead of global macro events.
Market Outlook
The market is consolidating after yesterday's strong rebound. As long as Nifty holds above 23,800, the short-term trend remains constructive. A decisive move above 24,100–24,200 could trigger fresh buying, while a break below 23,800 may lead to renewed selling pressur
Key Highlights
Nifty 50 remained around the 23,950–24,000 zone, while the Sensex was largely flat with a slight negative bias.
IT stocks outperformed, supported by a brokerage upgrade for the sector.
FMCG came under pressure after disappointing earnings from Hindustan Unilever.
Midcaps were largely flat, while smallcaps underperformed.
Brent crude eased, providing some support to overall market sentiment, but investors stayed cautious ahead of global macro events.
Market Outlook
The market is consolidating after yesterday's strong rebound. As long as Nifty holds above 23,800, the short-term trend remains constructive. A decisive move above 24,100–24,200 could trigger fresh buying, while a break below 23,800 may lead to renewed selling pressur