Indian Markets Poised for Range-Bound Trade as Key Factors Emerge

Indian markets concluded Thursday's session with modest gains despite volatility during the derivatives expiry period. According to reports, the Sensex advanced 109 points to close at 77,100.47, while the Nifty index added 34 points to finish at 24,056. The upward movement came after the indices had surrendered intraday gains during trading, reflecting the mixed sentiment that dominated the session. Profit booking activity and consistent foreign portfolio investor outflows pressured sentiment throughout the day. The broader market context showed weakness in global equities, which also influenced investor caution in the Indian market.

Markets remained shut on Friday in observance of Muharram, providing a break in trading activity ahead of the week ahead. According to market participants and analysts monitoring the situation, expectations point toward range-bound trading patterns as Monday's session approaches. This forecast reflects uncertainty stemming from multiple macro-level cues and the technical backdrop established by recent sessions. The combination of foreign investor flows, domestic profit-taking pressures, and global market weakness suggests traders should monitor key support and resistance levels closely. With ten factors reportedly set to influence D-Street action on Monday, investors are advised to assess both technical levels and fundamental triggers before positioning for the next trading session. The mixed sentiment and volatile nature of recent sessions underscore the importance of risk management as markets navigate this period of transition.

Source: Markets-Economic Times