Indian stock market traded volatile today as investors awaited U.S. Fed minutes release. Nifty and Sensex ended flat with mixed sectoral performance.
The Indian stock market traded volatile today as investors stayed cautious ahead of the release of the U.S. Federal Reserve minutes. Both Nifty and Sensex ended the day almost flat, reflecting uncertainty among traders.
The trading session began with mild gains, supported by buying in IT and pharma stocks. However, profit booking emerged in the banking and metal sectors, erasing the early gains. The Sensex ended the day near 72,300, while the Nifty 50 closed close to the 22,000 mark.
Sector-wise, IT stocks outperformed the market due to strong earnings visibility and favorable global demand outlook. Pharma stocks also contributed positively, supported by strong export performance. However, banking, financial services, and metal stocks weighed on the market.
Mid-cap and small-cap indices traded range-bound, with selective buying seen in auto and consumer stocks. Analysts highlighted that retail investors remained cautious due to the upcoming Fed minutes release, which could provide clarity on future interest rate hikes.
Global cues remained mixed. Asian markets traded cautiously, while European markets opened lower. Crude oil prices continued to stay high, posing inflation risks for emerging economies like India.
Market experts suggest that Indian equities could remain volatile in the short term. The direction of U.S. bond yields and the Federal Reserve’s stance on interest rates will play a crucial role. Domestic investors should also keep an eye on corporate earnings and macroeconomic data releases.
Despite short-term volatility, analysts remain positive about India’s long-term growth story. Sectors like IT, pharma, and infrastructure could continue to attract investor attention. For traders, the near-term focus remains on global central bank commentary and commodity price movements.
To sum up, today’s market session highlighted the cautious stance of investors ahead of the Fed minutes release. With mixed sectoral performance, Indian equities may continue to remain volatile in the coming sessions.