Stock market today: Frontline indices, the Sensex and the Nifty 50 closed flat on Tuesday, September 3, amid a lack of fresh catalysts, while weak global cues kept investors cautious.
The Sensex opened at 82,652.69 against the previous close of 82,559.84 but traded in a narrow range of about 274 points and eventually closed 4 points lower at 82,555.44.
The Nifty 50 opened at 25,313.40 against its previous close of 25,278.70 and touched its intraday high and low of 25,321.70 and 25,235.80, respectively. The index closed just 1 point up at 25,279.85.
The domestic market lacks fresh triggers, with most factors, including the 25 bps rate cut by the US Fed, already largely priced in amid stretched valuations. Experts believe a healthy consolidation period is needed to bring valuations back to more comfortable levels.
Global cues are also muted as investors await US macro prints to gauge the size of the potential Fed rate cut this month.
(More to come)
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