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Markets trade range-bound near 26,200 as sectoral rotation keeps benchmarks flat
Benchmark indices traded flat near key resistance as IT stocks declined, metals and media gained, and Supreme Petrochem reported a temporary plant shutdown.
Indian equity benchmarks traded largely flat as the Nifty hovered near the 26,200 mark and the Sensex showed limited movement, reflecting cautious investor positioning. Weakness in IT stocks weighed on the indices, with the sector slipping around 0.8 percent, while metal and media shares posted gains of 0.5 to 1 percent. Broader markets also remained subdued, with midcap and smallcap indices trading sideways. Individual stocks remained active, including Belrise Industries, Jupiter Wagons and Meesho. Separately, Supreme Petrochem informed exchanges that operations at its Amdoshi plant were temporarily halted due to equipment malfunction, though the stock traded marginally higher during the session.