Market remains rangebound; consumer durables stocks under pressure
Mumbai, May 26 -- The domestic equity indices continued to traded with sideways in the early-afternoon trade on Tuesday, even as crude oil prices slipping below the $100-per-barrel mark and encouraging developments in U.S.-Iran talks. Investors remained focused on Q4 earnings, movements in crude oil and gold prices. The Nifty traded above the 24,000 level amid monthly derivatives contract expiry on the NSE.
Consumer Durables shares declined after advancing in the past three consecutive trading sessions.
At 12:30 IST, the barometer index, the S&P BSE Sensex declined 103.69 points or 0.13% to 76,385.35. The Nifty 50 index rose 1.20 points or 0.01% to 24,034.05.
The broader market outperformed the frontline indices. The BSE 150 MidCap Ind...
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