04:46:30 PM IST, 26 Dec 2024
Tech View: Nifty’ ends flat on monthly expiry. How to trade on Friday?
Indian benchmark indices traded in a narrow range today (Thursday, December 26) ending flat on the monthly expiry day as FMCG and bank stocks neutralised the gains made from the uptick in auto stocks. While the S&P BSE Sensex settled at 78,472.48, down by 0.39 points, the broader Nifty closed at 23,750.20, higher by 22.55 points or 0.1%.
Commenting on the day's action, expert Satish Chandra Aluri, Lemonn Markets Desk said that overall sentiment remains cautious as investors await fresh triggers. Lack of any big moves in either direction will likely keep Nifty in sideways consolidation until new year, he said. "We believe that markets are entering a new macro regime in 2025, with rising uncertainty on inflation and growth leading to a higher for longer interest rates in the US. Earnings season along with the budget and Trump’s inauguration will be the next triggers for market direction in the new year," he added.