Indian equity benchmarks ended Friday’s session on a flat note despite a mild recovery near the close, as investors remained cautious in the face of persistent FII selling and lack of strong directional cues. Commenting on the mood, Anil Singhvi, Managing Editor of Zee Business, said the market is stuck in a zone where momentum is missing, making it difficult for traders to take clear positions.

“The market neither corrects sharply nor holds gains at the top. In such an environment, forming a clear-cut mood is tough. That’s why we’re seeing a slow decline in trader participation,” the market guru said.

The BSE Sensex closed 193.42 points higher at 83,432.89, while the Nifty 50 settled at 25,461, up 56 points or 0.22 per cent. In the broader markets, the Nifty Midcap 100 edged up 0.04 per cent, and the Smallcap 100 gained 0.11 per cent.

Singhvi flagged four consecutive sessions of FII outflows as a key reason behind the weak undertone and pointed to the growing disconnect between heavyweight stocks and the broader market. He expects this indecisiveness to continue unless fresh triggers emerge.

He also shared key technical levels to watch: Nifty support is placed between 25,125 and 25,275, while resistance lies between 25,450 and 25,550. For Bank Nifty, support is seen in the 56,425–56,625 zone, with resistance at 57,000–57,200.

While some buying was seen in IT, pharma, and defence stocks, overall momentum remained subdued. Meanwhile, capital market stocks, including Angel One and CDSL, faced selling pressure after Angel One’s quarterly update disappointed investors.

Despite the rebound in frontline indices, Singhvi maintained that market sentiment remains fragile, and traders should stay cautious amid the ongoing uncertainty.