Sensex, Nifty Pause as Investors Seek Fresh Triggers
Benchmark indices Sensex and Nifty ended nearly flat after a record-breaking rally as investors awaited new market triggers. The Sensex closed at 76,456.59, down by 0.04%, while the Nifty finished marginally higher by 0.02%. Investors are now focused on upcoming US Fed and BoJ policy decisions and key inflation data.
- Country:
- India
Benchmark equity indices Sensex and Nifty ended nearly flat on Tuesday following a record-breaking rally, as investors opted to remain cautious, awaiting fresh market triggers. The 30-share BSE Sensex closed at 76,456.59, down 33.49 points or 0.04%, due to selling pressure towards the session's end. The Sensex had surged by 370.45 points or 0.48% earlier in the day.
Meanwhile, the NSE Nifty saw a marginal increase of 5.65 points or 0.02%, closing at 23,264.85. Both indices hit their all-time high levels in early trade on Monday.
Vinod Nair, Head of Research at Geojit Financial Services, noted, "After a notable rebound, the domestic market has stabilized, awaiting further triggers. With the resolution of uncertainties in government formation, attention has shifted back to global and domestic indicators." Investors are now focusing on this week's policy decisions from the US Federal Reserve and the Bank of Japan, along with key inflation data from the US and India.
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