Sensex Holds Steady Amidst US-Russia Tensions
Indian benchmark indices, the Sensex and Nifty, concluded Thursday’s trading session with minimal change, reflecting investor caution ahead of crucial US-Russia talks. The volatility throughout the day underscored the market’s sensitivity to geopolitical developments.
The 30-share BSE Sensex edged up 57.75 points, a marginal 0.07 per cent increase, closing at 80,597.66. Intraday, the index saw a more significant surge, reaching a high of 211.27 points before settling near its opening level.
This muted movement suggests investors are adopting a wait-and-see approach, preferring to assess the outcome of the high-stakes diplomatic engagement before making significant investment decisions. The Nifty also mirrored this trend, showing minimal net change.
The ongoing uncertainty surrounding the US-Russia dialogue casts a shadow over global markets, and India’s key indices are not immune to these external pressures. The upcoming days will be crucial in determining the market’s direction, with investor sentiment heavily dependent on the progress of these talks and their potential impact on global economic stability. This underscores the increasing interconnectedness of the Indian economy with global geopolitical events.
