Business

Indian Equity Markets Close Flat Amid Volatile Session

In a session marked by significant volatility, Indian equity benchmarks ended largely unchanged on Thursday.

The Sensex closed at 79,897, down 27 points, while the Nifty concluded at 24,315, shedding 8 points.

Despite the lackluster performance of large-cap stocks, midcap and small-cap stocks exhibited a strong buying trend.

The Nifty Midcap 100 index rose by 227 points or 0.40% to close at 57,148, and the Nifty Smallcap 100 index increased by 129 points or 0.69%, finishing at 18,919.

Within the Sensex pack, 16 stocks posted gains while 14 ended in the red.

Notable gainers included ITC, Tata Motors, Asian Paints, Titan, SBI, Tata Steel, IndusInd Bank, Axis Bank, and HCL Tech.

Conversely, Bajaj Finance, M&M, Sun Pharma, Nestle, NTPC, and Power Grid emerged as the top losers.

The market opened flat and remained so throughout the trading day. The Sensex reached an intraday high of 80,170 and dipped to a low of 79,464.

Among the sectoral indices, Media, PSE, Commodity, and Oil & Gas recorded notable gains.

In contrast, Realty, Pharma, and Auto sectors were the major laggards.

Rupak De, Senior Technical Analyst at LKP Securities, commented on the day’s market movements, “The Nifty remained volatile throughout the day before closing flat. In the near term, the Nifty might trade sideways, with 24,150 and 24,400 acting as the key levels. A decisive fall below 24,150 might trigger panic in the market, while a decisive move above 24,400 might induce a rally towards 24,650.”

Also Read: Gautam Adani: Historic Day For Vizhinjam Port As India Enters Global Trans-Shipment Era

Mankrit Kaur

Recent Posts

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

1 hour ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

2 hours ago

Gautam Adani, Family Participate In Puri Rath Yatra; Launch Massive ‘Prasad Seva’ Initiative

Gautam Adani, along with his wife Priti Adani and son Karan Adani, joined thousands of…

3 hours ago

PM Modi, Leaders Pay Tribute To Former PM PV Narasimha Rao On Birth Anniversary

PM Narendra Modi on Saturday paid tribute to former Prime Minister PV Narasimha Rao on…

3 hours ago

Gautam Adani Hails Divine Experience At Rath Yatra; Praises Odisha’s Graceful Management

Gautam Adani conveyed profound spiritual emotions after witnessing the revered Rath Yatra of Lord Jagannath…

3 hours ago

Punjab’s Litchis Reach Middle East Markets In Boost To India’s Fruit Exports

In a step towards diversifying India’s horticultural exports, Punjab has successfully shipped its first consignment…

4 hours ago