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Indian markets trade rangebound as investors track global cues and crude
Indian stock markets moved sideways as weak IT shares, higher crude prices, and thin year-end trading volumes offset selective buying in energy and PSU stocks.
Equity benchmarks in India traded largely rangebound on December 24 as investors remained cautious amid mixed global cues and rising crude oil prices. The Nifty hovered near the 26,200 mark while the Sensex was marginally flat, with losses in IT stocks offset by gains in energy and select PSU names. Analysts said thin year end volumes and continued foreign investor selling limited upside, keeping markets sensitive to global macro developments.