Indian benchmark indices steady as rate action limits intraday swings

Nifty ended flat near 26,300 as RBI’s rate cut and liquidity steps supported financials but FII outflows limited follow-through gains, keeping overall market sentiment cautious.

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9 days ago

Indian benchmark indices steady as rate action limits intraday swings

Indian benchmark indices steady as rate action limits intraday swings
Nifty closed almost unchanged around 26,300 as traders assessed the RBI’s 25 bps rate cut and fresh liquidity operations. Market breadth remained weak with continued FII selling of ₹2,500 crore, while Bank Nifty gained 0.5% to 57,800. The RBI’s ₹1 lakh crore OMO-driven liquidity support helped financials trim early losses, though broader participation stayed muted amid global uncertainty and caution around upcoming domestic data releases.
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