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Stock market today: Trade setup for Nifty 50, gold, silver rate, FII-DII data to USD vs INR — 8 stocks to buy or sell
Stock market today: The Indian stock market is expected to open on a mildly negative note, tracking continued weakness in global equities after a sharp sell-off in technology stocks. Growing concerns over AI-led disruption and fading optimism around near-term global rate cuts—following strong U.S. jobs data—are likely to weigh on sentiment. Nearly ₹2.80 lakh crore in market capitalisation was erased in the previous session, signalling that traders preferred to lock in gains rather than chase valuations at elevated levels.
However, this does not indicate structural damage; rather, it reflects controlled profit booking after a strong rally. FII flows remain supportive in the broader context, while steady DII participation continues to cushion volatility. The undertone has shifted from aggressive optimism to cautious consolidation, with markets entering a digestion phase as investors reassess valuations and global cues.
Mkts close flat as IT scrips cap gains
Domestic equities may enter a brief consolidation phase following this week’s strong rally driven
Mumbai:Benchmark stock indices Sensex and Nifty closed on a flat note in a choppy session on Wednesday as gains in PSU banks and auto shares were offset by losses in IT stocks.
In a range-bound trade, the 30-share BSE Sensex slipped 40.28 points, or 0.05 per cent, to close at 84,233.64. During the day, it hit a high of 84,487.34 and a low of 84,081.25. The NSE Nifty inched up 18.70 points, or 0.07 per cent, to settle at 25,953.85.
Among the 30 Sensex firms, Tata Consultancy Services, Infosys, HCL Technologies, Eternal, ITC, Tech Mahindra, Axis Bank, HDFC Bank, UltraTech Cement, Titan, Adani Ports, Bajaj Finserv and Tata Steel were among the laggards.
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