Indian indices ended the session with little movement. While the Nifty closed above 17,600, it absorbed the selling pressure and sideways price action, which were negative indicators from the market. Successful Q4 earnings season reports were accompanied by lesser-than-expected results in the IT sector, contributing to uncertainty in cautious global sentiment to affect the market trend. The Nifty is currently trading around the 200-day moving average with no further drift restriction, and onward action is expected within a 17500-17800 consolidation range over the next few days.
