Indian markets ended flat with a mild negative bias as investors booked profits near record highs and weighed prospects of rate cuts in the U.S. and India. Global cues, selective profit booking, resilient large caps and shifting sentiment across U.S. and European markets shaped overall direction, while technical indicators signalled consolidation ahead
On the global front, uncertainty around the US Federal Reserve's rate-cut trajectory, a firm US dollar, and weak risk appetite across emerging markets kept foreign investors cautious. Persistent geopolitical tensions and volatile crude prices further reinforced the risk-off tone, said Himanshu Srivastava, Principal, Manager Research, Morningstar Investment Research India.
