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Sensex and Nifty End Lower Amid Cautious Sentiment

By Mandar in Indian Market Insights —

Market Summary

Indian equity markets closed with a cautious tone yesterday.

  • The Sensex closed at 81,785.74, down 118.96 points.
  • The Nifty closed at 25,069.20, down 44.80 points.

The market experienced rangebound activity as investors awaited crucial monetary policy decisions from global central banks this week.

Sector Performance

Several sectors showed varied performance.

  • Declining Sectors: IT, auto, consumer durables, and pharma.
  • Gaining Sectors: Realty, capital goods, power, and telecom.
  • Key Gainers: Jio Financial, UltraTech Cement, DLF, and Lodha Developers.

Market Indices

  • BSE Midcap index rose by 0.4%.
  • BSE Smallcap index rose by 0.7%.

Market Sentiment Drivers

The primary factor influencing yesterday's market sentiment was the upcoming US Federal Reserve meeting.

  • Expectations for the meeting could influence the global economic outlook.
  • Increased flows into emerging markets are potentially expected.
  • The realty sector showed positive performance, indicating continued interest in property stocks despite the cautious market mood.