After a strong opening, Indian stock markets turned flat and moved into negative territory, likely due to profit booking. At 9:33 AM, key indices showed a mixed trend with slight declines in large-cap stocks while midcaps continued to gain.
- Sensex was down 57.81 points (-0.08%) at 73,672.42.
- Nifty 50 slipped 16.45 points (-0.07%) to 22,320.85.
- Bank Nifty edged lower by 23.90 points (-0.05%) at 48,466.05.
- Midcap Nifty remained positive, rising 33.85 points (+0.30%) to 11,202.35.
The early gains in the market seem to have triggered profit booking, especially in large-cap and banking stocks, leading to a subdued performance. Volatility is expected to persist, given that today marks the Nifty derivatives expiry session.
Disclaimer:
The information provided in this article is for informational purposes only and does not constitute financial or investment advice. Stock markets are subject to risks, and past performance is not indicative of future results. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions. Business Upturn and its affiliates are not responsible for any financial losses incurred based on this article.
