Indian Equity Markets Edge Higher Amid Cautious Trading
Benchmark indices Sensex and Nifty posted marginal gains during mid-session trading, with IT and banking stocks leading the advance. The market's tepid movement reflects investor caution ahead of the Trump-Putin summit, while Thursday's Independence Day closure adds to the wait-and-watch sentiment.
Wipro and Infosys spearheaded the gains among Sensex constituents, while metal stocks dragged with NMDC and Vedanta falling nearly 3%. The sectoral performance remained mixed—financials showed resilience as metals, realty, and auto sectors declined.
Market breadth tilted negative, with 1,604 decliners outpacing 1,188 advancers on the NSE. The muted activity underscores broader uncertainty, though select stocks like Muthoot Finance rallied post-earnings.
