Market Ends Range-Bound as Banks Weigh, IT Supports Amid Mixed Global Cues

What Moved the Markets Today

Rupee Movement The Indian rupee traded with a mild weak bias against the US dollar. While the currency movement offered limited support to exporters, it failed to lift overall market sentiment.

Banking & Financial Stocks Under Pressure Banking and financial stocks remained under selling pressure as investors stayed cautious ahead of earnings updates and monitored interest rate expectations. PSU banks and select private lenders saw profit booking.

IT & Export-Oriented Stocks Show Stability IT stocks displayed relative resilience, supported by currency tailwinds and stable global demand expectations. Export-oriented names helped cushion the downside in the broader market.

Global Cues & Risk Sentiment Global markets were mixed as investors remained watchful of macroeconomic data and central bank commentary. This cautious global backdrop kept domestic risk appetite subdued.