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Recently
Profit-taking cools Indian equities after strong rally in previous sessions
Indian equities witnessed light profit-taking after a recent rally, as investors booked gains in pharma and consumer goods while broader sentiment remained steady with smallcap support.
After several sessions of strong gains, Indian stock indices saw mild profit booking on Thursday morning. The Nifty 50 and Sensex traded flat after early advances, with investors locking in profits in sectors such as consumer goods and pharmaceuticals. Analysts cited the move as a healthy consolidation following an upbeat earnings season and resilient macro data. Despite intraday weakness, market breadth stayed positive, supported by smallcap and midcap outperformance. Participants continue to watch global monetary developments and domestic quarterly results for directional cues.