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29.12.202505:14:13UTC+00Indian Markets Flat Amid Thin Morning Trade

The BSE Sensex remained relatively stable, trading at around 85,011 during the Monday morning session, following declines over the previous three sessions. This occurred amid subdued trading volumes and ongoing foreign capital outflows, which continued to dampen investors' risk appetite. According to provisional data, foreign portfolio investors were net sellers, recording outflows of $35.43 million on Friday, contributing to a total of $1.64 billion in December. Gains in the metals and manufacturing sectors managed to balance out losses in financial services and banking industries. Recently, the benchmarks have been trading within a narrow range due to a lack of significant catalysts. Market participants are anticipating the release of India's industrial and manufacturing production data later today, while a positive session on Wall Street on Friday provided some bolstering to market sentiment. Notably, Tata Steel saw a rise of 2.4%, JSW Steel increased by 1.0%, whereas Adani Ports and Power Grid saw declines of 1.2% and 0.9%, respectively. In other news, Coforge saw an uptick of 0.9% following its announcement on Friday regarding the acquisition of artificial intelligence company Encora.

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