Business

Indian Stock Market Opens Flat Amid Mixed Sector Performance

The Indian stock market opened on a flat note on Tuesday, with selling observed in key sectors like auto, energy, private banking, and infrastructure during early trade.

At 9:23 am, the benchmark Sensex was trading at 81,533.01, up by 24.55 points or 0.03 percent, while the Nifty gained 14.05 points or 0.06 percent, reaching 24,633.

Market Sentiment Remains Positive

Despite the early selling in select sectors, the overall market sentiment remained positive. On the National Stock Exchange (NSE), 1,508 stocks were in the green, while 667 stocks were in the red.

Also Read: Karan Adani Announces Rs 7.5 Lakh Crore Investment In Rajasthan, Focus On Green Energy And Infrastructure

Experts forecast that the market will likely remain within a narrow consolidation pattern in the near term. “There are no major triggers expected that could push the market into a new bull phase,” they noted. “However, there are no significant indicators suggesting a deep correction from current levels, with considerable fluctuations within the existing range.”

Sector Performance And Key Indexes

The Nifty Bank index saw a modest gain of 11.15 points, or 0.02 percent, reaching 53,418.90. The Nifty Midcap 100 index rose by 46.60 points, or 0.08 percent, to 59,045.35, while the Nifty Smallcap 100 index gained 55.40 points, or 0.28 percent, to 19,584.

Top Gainers And Losers In Sensex

Among the top gainers in the Sensex pack were Power Grid, JSW Steel, Infosys, Asian Paints, SBI, Tata Motors, Bajaj Finance, HCL Technologies, and Sun Pharma. On the other hand, M&M, Titan, Maruti, Tech Mahindra, UltraTech Cement, and TCS were among the biggest losers.

Global Markets Update

In global markets, Jakarta and Bangkok were in the red, while China, Hong Kong, Seoul, and Japan saw positive trading. US stock markets had closed lower on the previous trading day.

Foreign And Domestic Institutional Activity

Foreign institutional investors (FIIs) bought equities worth Rs 724.27 crore on December 9, while domestic institutional investors (DIIs) sold equities worth Rs 1,648.07 crore on the same day.

The Indian market continues to face mixed sectoral performance, with investors watching for further developments that may drive market movement in the coming weeks.

Richa Kaushik

Recent Posts

PM Modi Announces Sending Lord Buddha’s Relics To Thailand

PM Modi announced that India will send relics of Lord Buddha, discovered in Gujarat’s Aravalli…

6 hours ago

PM Modi Shares Highlights From Bangkok: A Vibrant Welcome, Community Connect, & The Ramayan!

Prime Minister Narendra Modi highlighted the deep cultural ties between India and Thailand during his…

7 hours ago

Judicial Strength At Risk, Says Delhi HC Bar Association On Justice Singh’s Transfer

The Delhi High Court Bar Association has raised concerns over Justice Chandra Dhari Singh’s transfer…

7 hours ago

PM Modi: Thailand Key To India’s ‘Act East’ Policy & Indo-Pacific Vision

Prime Minister Narendra Modi, during his visit to Bangkok, highlighted Thailand's strategic importance in India's…

7 hours ago

Thailand Releases Commemorative Stamp Showcasing 18th-Century Ramayan Murals During PM Modi’s Visit

Thailand unveiled a commemorative stamp featuring 18th-century Ramayan mural paintings, marking the first day of…

8 hours ago

Centuries-Old Bonds Strengthen As India-Thailand Deepen Partnership: PM Modi

PM Modi and Thai PM Paetongtarn Shinawatra elevate India-Thailand ties to a strategic partnership in…

8 hours ago