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2026.01.0506:08:28UTC+00Indian Stocks Muted in Morning Trade

The BSE Sensex remained relatively stable, hovering around 85,772 during Monday's choppy morning session. This comes following a sharp rise in the previous trading day, where the Nifty closed at an all-time high. The boost in quarterly earnings optimism was counterbalanced by concerns over escalating geopolitical tensions. Traders exercised caution amidst elevated geopolitical risks after the US's military action against Venezuela on Saturday. Despite this, foreign portfolio investors turned into net buyers of Indian equities last Friday, bringing net foreign inflows to INR 2.9 billion after enduring nine consecutive days of outflows. Market participants are also keenly awaiting the upcoming release of US employment statistics and China's CPI and PPI data later this week, which are expected to provide further insights into the Chinese economic outlook. Strengths in consumer durables, auto, banking, and metal sectors counterbalanced the declines seen in technology and oil & gas stocks. Noteworthy performances included Nestlé India, which increased by 2.1%, and Maruti Suzuki, which rose by 2.0%, while tech giants Infosys and HCL Tech each saw declines of 2.4%.

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