Sensex, Nifty muted a day after sharp rally, IT stocks extend gains. What lies ahead for Dalal Street?

What happened: Indian equities traded nearly flat after a sharp rally in the previous session. IT stocks extended gains while pharma shares declined. Why it matters: Analysts flagged elevated US bond yields and crude oil prices as headwinds, even as short-covering and hopes of tax relief supported sentiment.

Sensex, Nifty muted after sharp rally while IT stocks extend gains.

Sensex, Nifty muted after sharp rally while IT stocks extend gains. — impact context not separately stored; see What changed.