Why did Indian markets close flat on Friday?

Indian markets closed flat due to profit booking near record highs and anticipation of U.S. and Indian rate cut prospects.

What influenced the Indian stock market's direction?

Global cues, profit booking, resilient large caps, and shifting U.S. and European market sentiment influenced the market.

What is the technical outlook for the Nifty?

The Nifty shows hesitation at higher levels, with immediate support at 26100 and resistance around 26300-26350, suggesting potential consolidation.

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Indian Markets Near Highs: Profit Booking & Rate Cut Hopes

30 Nov

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Summary

Indian markets closed flat with a mild negative bias on Friday.
Investors booked profits near record highs, assessing rate cut prospects.
Global cues and resilient large caps influenced trading sentiment.

Indian Markets Near Highs: Profit Booking & Rate Cut Hopes

Indian equity markets concluded Friday's trading session on a flat note, exhibiting a mild negative bias. Investors strategically booked profits near historic highs while closely monitoring indications for potential interest rate adjustments in both the United States and India. The day's trading saw the Sensex and Nifty navigating a narrow range, reflecting a cautious sentiment amid a blend of global influences and domestic economic signals.

Selective profit-taking emerged across the broader market following a recent uptrend. However, sentiment remained buoyed by positive developments in India-U.S. trade discussions. Strong performances from large-cap sectors, including Automotive, Financial Services, and Pharmaceuticals, played a crucial role in maintaining positive momentum throughout the trading day.