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.
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.
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.”
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.
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.
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 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.
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