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Benchmarks trade range-bound as Nifty struggles near key resistance zone
Markets remained range-bound as Nifty hovered near 26,050, supported by metals but constrained by low volumes and resistance around the 26,200–26,300 zone.
Indian equity markets traded cautiously through the session as early gains faded, with the Nifty oscillating around the 26,050–26,100 zone. The index briefly slipped below 26,050 before recovering modestly, while Bank Nifty held slightly firmer near 59,100. Metal stocks such as Tata Steel, JSW Steel and Hindalco supported the market, alongside selective auto names. However, thin year end volumes and mixed global cues limited momentum, keeping traders focused on technical resistance near the 26,200–26,300 range.