The markets remained unchanged on Thursday , where the BSE Sensex settled flat, while the NSE Nifty managed to close above the 23,400 mark.
Market participants remained on the sidelines as they awaited clarity from the RBI on interest rates, inflation and economic growth. Expectations of a possible rate cut and signals on the central bank’s future policy stance kept trading activity subdued.
Despite the lacklustre performance of the broader market, buying interest was visible in select sectors. Consumer durables and capital goods stocks emerged as the top performers, with stocks such as Titan, Havells India and Siemens posting gains on optimism surrounding domestic consumption and infrastructure spending. Some auto and industrial stocks also witnessed buying interest during the session.
However, weakness in heavyweight banking and information technology counters restricted the market’s upside. Shares of Infosys, HDFC Bank and Tata Consultancy Services (TCS) were among the key laggards, weighing on benchmark indices. Uncertainty in global markets and caution ahead of key policy announcements further dampened investor sentiment.
Among individual stocks, Rajesh Exports remained in focus following regulatory developments involving its promoter. Renewable energy company Suzlon Energy also attracted attention due to strong trading volumes and continued investor interest.
The broader market showed mixed trends, with mid-cap and small-cap stocks witnessing stock-specific movements. Investors remained selective, favouring companies expected to benefit from India’s economic growth and government-led spending initiatives.
Market experts said the RBI’s policy outcome will be closely watched for indications on borrowing costs, liquidity conditions and the overall economic outlook. Any supportive measures from the central bank could boost sentiment, particularly in rate-sensitive sectors such as banking, automobiles and real estate.
Global cues remained mixed as investors tracked developments related to US interest rates, geopolitical tensions and commodity prices. These factors contributed to the cautious mood across emerging markets.
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