New Delhi, Feb. 4 -- The Indian stock market traded in a range-bound and subdued fashion on Wednesday, as investors remained cautious and adopted a wait-and-watch approach following recent sharp swings and mixed global cues. Despite an aggressive initial reaction to the announcement of the India-US trade deal, the market has so far struggled to sustain conviction at higher levels. While Oil & Gas, consumer durables, metals and automobile stocks recorded strong gains, IT stocks faced sharp selling pressure, tracking weakness in global technology shares.

Sentiment in the IT sector deteriorated after AI startup Anthropic unveiled an end-to-end workflow automation productivity tool, rekindling concerns that rapid advances in AI could disrupt...