Markets Flat; Tech Mahindra Drops

  Published 1 year ago

Indian markets traded flat as Fed uncertainty and Tech Mahindra's revenue miss weighed; small, mid-caps steady amid cautious sentiment.

  • Nifty 50 and Sensex down 0.2%; Tech Mahindra slips 1.5% after lower-than-expected revenue, dragging the IT index.
  • Powell tenure concerns and U.S. trade talks limit investor appetite; tariff clarity could trigger a positive surprise.
  • Gains in healthcare, autos, and mining stocks help offset IT weakness; Ixigo parent Le Travenues jumps 11%.

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