Sensex And Nifty End Flat As Investors Await Q2 GDP Data

Indian stock markets ended flat on Friday as investors stayed cautious ahead of the Q2 GDP numbers and reacted to mixed global cues.

After a session dominated by range-bound movements, both benchmark indices closed marginally lower.

The Sensex slipped 13.71 points or 0.02% to finish at 85,706.67, while the Nifty dipped 12.6 points or 0.05% to 26,202.95.

Nifty repeatedly faced resistance near 26,281 and traded in a narrow band between 26,190 and 26,281 throughout the day.

Analysts said the broader trend remains stable as long as Nifty holds its crucial support zone of 26,150-26,000. They further added that 26,280-26,310 continues to act as firm resistance.

On the daily chart, the index hovered near this range, signalling a clear consolidation phase unless a strong breakout occurs.

Among the top gainers on the Sensex, Hindustan Unilever, Sun Pharma, Mahindra & Mahindra and Kotak Mahindra Bank helped cushion the decline.

However, Power Grid, Bharti Airtel, Eternal and Infosys dragged the market lower.

Sectoral trends remained mixed. Nifty IT, Realty and Oil & Gas slipped 0.11%, 0.19% and 0.69%, respectively, reflecting weakness in global tech sentiment and energy counters.

Meanwhile, Nifty Auto rose 0.62%, supported by healthy demand signals, and Nifty Pharma gained 0.59% amid defensive buying.

Broader markets showed mild weakness. The Nifty Midcap 100 fell 0.11%, and the Nifty Smallcap 100 declined 0.27%, indicating selective profit-booking outside the large-cap universe.

Analysts noted that sentiment stayed constructive, supported by easing US bond yields and steady domestic institutional inflows.

However, they also pointed out that rupee volatility and profit-booking in PSU and private banks kept traders slightly cautious.

Markets now await the Q2 GDP figures, which are likely to set the tone for next week’s trade and influence expectations around domestic growth momentum.

Also Read: Sensex And Nifty Rebound Ahead Of Key GDP Data Release