Sensex trades flat, Nifty near 23,450 as oil prices top $100 a barrel. What’s ahead?

Thursday marked a mixed start for Indian benchmark indices in light of previous losses. The Sensex dipped, while the Nifty edged up slightly. The performance across broader markets reflected this divergence, with midcaps declining and smallcaps rising. Higher crude oil prices may challenge energy-sensitive sectors, while defensive sectors, particularly FMCG and pharmaceuticals, are expected to remain robust.

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