Indian equity benchmark indices ended nearly unchanged in a range bound session on Aug 25. At close, the Nifty 50 index was up 5.8 points or 0.05% at 11472.3.
Volumes on the NSE were above recent average with Banks leading the upmove and Realty, Metals and Pharma stocks declining.
The Reserve Bank of India will purchase 100 billion rupees ($1.3 billion) of bonds and sell an equivalent amount of shorter debt on Aug. 27 and Sept. 3, respectively. This Open Market operation could bring down yields at the higher end of the curve.
an stock markets were mostly higher on Tuesday after the U.S and China indicated progress in trade talks, and as hopes of new coronavirus treatments boosted broader sentiment among global investors.
European stocks climbed on an increase in German business confidence and lower than previously estimated fall in the second quarter and signs of progress in the trade deal between the U.S. and China. Investors are focused on vaccine progress as global economies reopen amid fresh outbreaks of the virus.
Nifty closed almost flat on Aug 25; but this hides the fresh momentum in the hitherto neglected Bank stocks. Focus is now shifting back to largecaps.