Nifty stabilizes near key resistance as mid-cap shares outperform

Indian markets traded steady at mid-session as mid-cap strength offset sectoral weakness, while traders awaited domestic and global macro signals.

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Nifty stabilizes near key resistance as mid-cap shares outperform

Nifty stabilizes near key resistance as mid-cap shares outperform
Indian benchmarks traded largely steady during the mid-session, with the Nifty moving around key resistance zones while the Sensex showed mild consolidation. Mid-cap and small-cap indices outperformed as domestic investor activity remained firm. Financials, metals and energy stocks contributed to stability, offsetting weakness in FMCG counters. 
Analysts indicated that traders were awaiting cues from upcoming macro data and global market signals to determine short-term direction for major Indian indices.
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  • markets
  • nifty