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Indian Markets Pause After Record Highs
30 Nov
Summary
- Nifty closed flat at 26,205 points after a lackluster trading session.
- Auto and pharma sectors gained, while energy and financials declined.
- Global market strength and improving geopolitical developments support Indian equities.
Indian stock markets experienced a subdued trading session on Friday, taking a brief pause after achieving a fresh record high. The benchmark Nifty index concluded the day flat at the 26,205 level, influenced by a mixed trend among heavyweight stocks that prevented significant upward momentum.
Sectoral performance varied, with the auto and pharmaceutical sectors posting gains. Conversely, the energy and financial sectors registered declines, contributing to the uneven market activity. Market breadth was subdued, as both mid-cap and small-cap indices showed minimal change by the session's close.
The ongoing strength in domestic equities is bolstered by a robust rebound in global markets, which is attributed to sustained liquidity expectations. Furthermore, encouraging geopolitical developments are providing additional confidence to investors, supporting the current market sentiment.
