Indian Stock Market Ends Flat Amid Ongoing Consolidation Phase

The Indian stock market ended flat on Tuesday, with the Sensex slipping 53.49 points to close at 82,391.72, while the Nifty gained just one point, ending at 25,104.25.

Market experts noted that the consolidation phase continues, reflecting cautious investor sentiment.

IT stocks saw strong buying interest, with the Nifty IT index rising 1.67 per cent.

Pharma, FMCG, metal, media, energy, and commodities indices also closed in the green. However, auto, PSU bank, financial services, realty, and infra sectors ended lower.

Tech, pharma, and FMCG stocks gain

Top gainers in the Sensex pack included Tech Mahindra, Tata Motors, Infosys, HCL Tech, UltraTech Cement, TCS, ITC, Axis Bank, Nestle, and Adani Ports.

On the losing side, Maruti Suzuki, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, and Reliance Industries shed value.

Analysts said Nifty staying above the previous consolidation zone on the daily chart indicates a likely continuation of the uptrend.

“The positive sentiment favours long trades as long as the index holds above the support level of 24,850,” said Rupak De of LKP Securities.

He further added that the index might touch 25,350 in the short term, with a chance for further gains if that level is breached.

Rupee, gold remain range-bound

The rupee traded flat to positive near 85.67. Analysts said last week’s RBI rate cut by 0.50 per cent, totalling 100 bps, improved liquidity and cushioned the impact of rising crude oil prices.

Experts predict the rupee will remain between 85.25 and 86.00.

Gold prices hovered in a narrow range of $3,315–3,320 and Rs 97,000 as traders awaited updates on US-China trade talks.

A strong tariff deal could drag gold down to Rs 95,000, while negative signals may lift it to Rs 98,500. US CPI data due this week may influence both gold and currency markets.

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