Business

Benchmark Indices Close Flat; Adani Ports Gains Over 5%

The domestic benchmark indices closed flat on Thursday, weighed down by selling pressure in IT, FMCG, metal, media, and private banking sectors on the Nifty.

Adani Ports was the top gainer, with its shares up over 5% to Rs 1,243.90. Adani Green Energy rose by Rs 33.20, closing at Rs 1,064.30.

The Sensex settled marginally lower at 78,472.48, down by just 0.39 points. The Nifty 50, however, edged up 22.55 points or 0.10% to close at 23,750.20.

Nifty Bank however closed at 51,170.70, down by 62.30 points or 0.12%. The Nifty Midcap 100 index finished at 57,125.70, gaining 67.80 points or 0.12%, while the Nifty Smallcap 100 index ended at 18,728.65, slipping by 4 points or 0.02%.

On the BSE, 1,639 stocks closed in the green, 2,329 in the red, and 106 remained unchanged.

Indices Flat On Year-End Expiry; Auto Stocks Gain

Experts noted that on the final expiry day of the year, the domestic market traded flat, influenced by holidays in global markets and a lack of significant domestic or international triggers. Auto stocks benefited from recent corrections, seeing gains.

On the sectoral front, buying was observed in the Auto, PSU Bank, Financial Services, Pharma, Realty, Energy, Infrastructure, and Commodities sectors on the Nifty.

Among the Sensex stocks, Adani Ports, M&M, Maruti Suzuki, Sun Pharma, Bharti Airtel, Tata Motors, Kotak Mahindra Bank, UltraTech Cement, Power Grid, HCL Tech, SBI, and Tata Steel emerged as the top gainers. In contrast, Titan, Asian Paints, Zomato, Tech Mahindra, Nestle India, and Reliance were the biggest losers.

An expert stated, “Concerns over FII outflows and the depreciating rupee persist, given the strengthening US dollar index and worries about potential adverse tariffs and concerns over rate cuts in 2025, held the muted market trend.”

FIIs offloaded equities worth Rs 2,454.21 crore on 24 December, while domestic institutional investors (DIIs) purchased stocks worth Rs 2,819.25 crore, slightly offsetting the selling pressure.

Also Read: Pranav Adani Unveils Rs 27,900 Crore Investment Plan For Bihar; Promises 53,500 Jobs

Mankrit Kaur

Recent Posts

Hina Khan Hails 11 Years Of PM Modi’s Leadership; Highlights National Progress

As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…

2 hours ago

Subhash Ghai Hails PM Modi’s Transformative Vision For India

Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…

3 hours ago

India & Central Asia Boost Rare Earth Cooperation At Delhi Meet

India and five Central Asian nations have agreed to deepen cooperation on rare earths and…

3 hours ago

PM Modi’s Beej Se Bazaar Tak Vision Reshapes Indian Agriculture

Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…

4 hours ago

EV Sales Cross 4% Mark In May; Signalling Steady Shift To Green Mobility

EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…

4 hours ago

Self-Reliant Defence Industry Marks India’s Strategic Security Ascent

One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…

4 hours ago