Sensex, Nifty end flat amid West Asia tensions; rupee holds stronger

MUMBAI: Indian benchmark equity indices ended marginally lower on Thursday as losses in IT, FMCG and financial stocks weighed on investor sentiment amid continued monitoring of the geopolitical situation in West Asia.

The Nifty settled at 23,654.7, slipping 4.3 points or 0.02 per cent, while the Sensex declined 135.03 points, or 0.18 per cent, to close at 75,183.36.

Commenting on technical outlook, experts said that 23,700 followed by 23,800 continues to act as the immediate resistance zone where supply pressure may remain elevated.

“Above this, 24,000 remains the major psychological resistance and a strong Call OI wall aligned with the previous swing high,” an analyst stated.

“On the downside, the 23,500–23,600 range continues to act as a key support zone. Below this, 23,300 remains an important support level backed by strong Put OI concentration and previous buying demand,” an analyst mentioned.

Shares of Bajaj Finance, Infosys and Tech Mahindra emerged among the top laggards on the Sensex.

On the Nifty index, Bajaj Finance, Tech Mahindra and Hindustan Unilever were among the major losers.