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Cautious calm in stock market: election fog, lackluster earnings keep investors sidelined

By Business Standard - 7 months ago
Domestic stock market ended flat Wednesday, with the Nifty 50 settling near the 22,300 mark. Investor caution ruled the day as election jitters kept them on the sidelines. While oil & gas, auto, and metals found some buying interest, banking and IT stocks saw profit-taking, dragging the indices. Even supportive European cues could not lift spirits, as ongoing foreign fund outflows and a lack of earnings season fireworks keeping a lid on optimism.

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