The Indian stock market witnessed a mixed session on Tuesday, with the Nifty 50 index ending marginally higher by 0.14% at 18,475.90 points. The Nifty Bank index, on the other hand, slipped by 0.58% to settle at 43,540.75 points. Sectoral indices were mixed, with healthcare and IT stocks gaining, while financials and metals stocks declined.
you can see, both indices have been relatively range-bound in recent weeks. The Nifty 50 has been trading between 18,200 and 18,700 points, while the Nifty Bank has been trading between 43,000 and 44,000 points.
Analysts are attributing the recent range-bound movement to a number of factors, including concerns about global economic growth, rising inflation, and the ongoing war in Ukraine.
Despite these concerns, analysts remain optimistic about the long-term outlook for the Indian stock market. They point to strong corporate earnings growth and a favorable demographic profile as key factors that will support market performance in the years to come.
