Indian equity markets witnessed a pullback on Thursday, ending a three-day rally as investors exercised caution ahead of the upcoming Union Budget. The Sensex fell around 250 points to close near 86,900, while the Nifty slipped below 25,300, weighed down by selling pressure in key sectors including banking, IT, and metals.
Global cues remained mixed. US markets closed lower amid weak economic data, while Asian markets showed marginal gains, reflecting investor uncertainty. Analysts noted that a strong dollar and rising global yields are keeping foreign portfolio investors (FPIs) cautious.
On the sectoral front, banking and finance stocks faced profit-booking after recent gains, while IT and pharma sectors showed some resilience. Midcap and smallcap indices underperformed broader markets, reflecting selective investor caution.
Currency markets mirrored risk aversion, with the rupee weakening to around ₹91.99 per dollar. Commodity markets also saw a mixed trend, with crude prices stabilizing but precious metals like gold and silver witnessing moderate corrections.
Market experts suggest that investors should remain cautious in the near term and focus on stocks with strong fundamentals, given the volatility ahead of the Budget announcement.
Indian equity markets ne Thursday ko pullback liya aur apni 3-day rally ko rok diya, kyunki investors ne caution adopt kiya upcoming Union Budget ke pehle. Sensex lagbhag 250 points gir ke 86,900 ke paas close hua, aur Nifty 25,300 ke neeche slip ho gaya, jahan banking, IT aur metals jaise key sectors mein selling pressure dekha gaya.
Global cues mixed rahe – US markets weak economic data ke chalte neeche close hue, jabki Asian markets mein thodi gains dikhi, lekin overall uncertainty bani rahi. Analysts kehte hain ki strong dollar aur rising global yields ki wajah se foreign portfolio investors (FPIs) cautious hain.
Sector-wise dekha jaye to banking aur finance stocks mein recent gains ke baad profit-booking hui, IT aur pharma sectors thodi resilient rahe, aur midcap-smallcap indices broader markets ke comparison mein underperform kiye. Currency markets mein bhi risk aversion dikhai diya aur rupee thoda weak hokar ₹91.99 per dollar pe aa gaya.
Commodities mein mixed trend raha, crude prices stable rahe lekin gold aur silver mein moderate corrections dekhe gaye.
Market experts suggest kar rahe hain ki investors ko short-term mein cautious rehna chahiye aur focus strong fundamentals wali stocks pe rakhna chahiye, kyunki Budget ke pehle volatility high rehne ki sambhavna hai.