Indian equities indices closed almost flat on Tuesday, taking cues from mixed global sentiments. At close, Sensex was at 81,711, up 13.65 points, while Nifty closed at 25,017, up 7 points. This is Nifty's second successive close above 25,000 in two days for National Stock Exchange (NSE) indices.
There was considerable buying in the mid-cap and small-cap space compared to the large caps. The Nifty Midcap 100 index was at 59,220, up 289 points or 0.49%, and the Nifty Smallcap 100 index was at 19,333, up 201 points or 1.05%.
Market experts said that there was some amount of profit booking seen domestically near record highs. They further said, "The positive expectations vis-à-vis a likely rate cut by the US Fed next month are still there, but geopolitical tensions of late and higher crude oil prices have turned the investors a bit cautious even at such high valuations.".
Also on the gaining side were the sectoral indices which were major gainers—financial services, pharma, realty, media, and private banks—and major losers—FMCG, metal, energy, infrastructure, and commodities.
On the Sensex, major gainers were Bajaj Finserv, Maruti Suzuki, L&T, Bajaj Finance, Infosys, ICICI Bank, Sun Pharma, Axis Bank, and Bharti Airtel, while major losers were Titan, JSW Steel, HUL, Tata Motors, NTPC, ITC, Power Grid, and Reliance.
Rupak De, senior technical analyst, LKP Securities, chimed in with a tone similar to this: "The sentiment has entered the indecisive phase as Nifty closed with a Doji pattern on the daily chart. The significant presence of both call and put option writers at 25,000 strike price makes the technical setup more robust. Accordingly, the Nifty is most likely to get fossilled in the range or may witness a minor dip in the short-term."
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