Key facts
- Indian equities closed largely unchanged.
- Geopolitical tensions in West Asia tempered risk appetite.
- Broader markets outperformed despite recent corrections.
- Investors are awaiting the RBI policy decision and GDP data.
- Nifty faces resistance near 23,450.
- Analysts identified 23,500 as a key resistance and 23,300-23,200 as support levels.
Indian equities concluded the trading session with minimal changes, as heightened geopolitical tensions in West Asia dampened investor risk appetite. Despite recent market corrections, broader market indices demonstrated resilience and outperformed. Market participants are now keenly awaiting the Reserve Bank of India's (RBI) upcoming policy decision and the release of GDP data. Analysts have identified 23,500 as a significant resistance level for the Nifty index, with crucial support anticipated in the 23,300–23,200 range.