Nifty inched up 0.05% to close at 24,994.5, while Sensex rose 0.08% to 81,709.16.
Despite modest gains, market sentiment remains cautious ahead of the U.S. Federal
Reserve’s Jackson Hole symposium.
Banking stocks dragged markets lower, ending a five-day winning streak for the indices.
HDFC Bank and SBI led the downside pressure among financial stocks.
IT stocks rose nearly 1%, bolstered by expectations of U.S. rate cut
s benefiting tech exports.
Bharti Airtel and HAL gained about 2% on positive business and defense contract news.
Gaming stocks like Nazara Tech slipped after reports of a proposed ban on online money
-based gaming.
Overall, markets treaded water as global cues and domestic reforms balanced investor mood.
Nifty remains close to the psychologically significant 25,000 level, with momentum hanging
in the balance.
Further market direction hinges on upcoming Fed signals and ongoing domestic policy developments.