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

PM Modi, Leaders Pay Tribute To Chaudhary Charan Singh On Birth Anniversary

On Monday, Prime Minister Narendra Modi led the nation in honoring former Prime Minister Chaudhary…

9 mins ago

Delhi High Court To Hear BJP MLAs’ Petition On December 24

The Delhi High Court will actively hear a petition filed by Leader of Opposition Vijender…

17 mins ago

Indian Markets Open Strong On Positive Global Cues

Asian markets, including Hong Kong, China, Japan, and Seoul, traded in positive territory. In the…

18 mins ago

Bharat Express CMD Upendrra Rai Congratulate Devendra Fadnavis Sworning In As Maharashtra Chief Minister

Upendrra Rai, CMD Bharat Express, who expressed admiration for Shri Fadnavis' leadership and conveyed heartfelt…

1 hour ago

Maha Kumbh 2025: Yogi Government’s Strategic Coordination Ensures Timely Preparations

For Maha Kumbh 2025, preparations are in full swing as authorities work to ensure all…

14 hours ago

In Special Gesture, Kuwait’s Prime Minister Sees-Off PM Modi At Airport After Conclusion Of Historic Visit

Prime Minister Narendra Modi wrapped up his two-day visit to Kuwait on Sunday evening. In…

14 hours ago