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Nifty ends in red as investors sit on sidelines

11:52 PM Mar 26, 2024 IST | IANS
nifty ends in red as investors sit on sidelines
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New Delhi, Mar 26: Nifty traded in negative territory throughout the session to close with a loss of 75 points at 22,021, Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, has said.

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Broader market, however, outperformed with Nifty Midcap and Smallcap 100 up 1 per cent and 0.4 per cent, respectively.

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Sector-wise it was a mixed bag with buying seen in realty, oil & gas, and consumer durables.

Shortened trading week, the derivatives monthly expiry along with global economic data to be released this week has kept the investors on the sidelines, he said.

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"Overall, we expect the market to consolidate in a broader range, however, buying in a broader market before the financial year-end cannot be ruled out," he said.

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