Indian equity benchmarks opened nearly flat today, with broader optimism from renewed U.S. trade talks countered by weakness in IT stocks.
Nifty 50 inched up 0.06% to 24,990.55, while Sensex ticked higher by 0.09% to 81,501.42 in early trade.
This comes amid a five-day rally, where Nifty surged 1.6%, bolstered by GST tax cuts and expectations of
a U.S. Fed rate cut.
However, IT stocks dragged, with the sector down 0.4%, and Infosys slipping about 1% ahead of its key buyback decision.
Analysts note growing fatigue as Nifty nears the psychological 25,000 mark—momentum may slow if fundamental triggers don’t fol
low through.
Out of 16 sectors, 13 logged gains, but small- and mid-cap indices remained flat, hinting at a leadership consolidation at the top.
The overall tone remains cautiously optimistic, as investors await clarity from the IT buyback and what lies beyond trade optimism.
Market watchers flag the dual pressure of external trade uncertainty and internal valuation stretch as key near-term risks.
Momentum traders are recommending trimming into strength, while long-term players await durable catalysts.
Market tone is hopeful but restrained—key sectors like IT will need more than sentiment to spark fresh gains.