The Indian equity markets witnessed a mixed trading session today as the NIFTY50 and SENSEX closed flat amidst volatility. Despite opening on a positive note, the benchmark indices struggled to maintain gains throughout the day. NIFTY50, after plunging towards the intraday low, managed to stage a recovery in the second half of the trading session and settled flat with a marginal loss of 0.03% at 24,315.95. Similarly, SENSEX closed at 79,897.35 level with a marginal loss of 27.43 points.
The market recovery was supported by buying in select index heavyweights like ITC and ONGC, while M&M, Bajaj Finance, LT, and HDFC Bank weighed on the index. In terms of stock movement, ONGC, Coal India, BPCL, ITC, and Tata Motors emerged as the top gainers, while Tata Consumer, Bajaj Finance, Divi’s Lab, M&M, and Sun Pharma faced downward pressure.
The broader market outperformed the benchmark indices, with Nifty Midcap 100 gaining by 0.40% and Nifty Smallcap 100 closing up by 0.69%. Market breadth remained strong, with advancing stocks outnumbering declining stocks. Sector-wise, most indices closed in the green, with Nifty Oil & Gas, Nifty Media, and Nifty Consumer Durables emerging as top gainers while Nifty Reality, Nifty Healthcare, and Nifty Pharma lagged.
On the global front, most Asian markets closed positively, with the Nikkei 225, Shanghai Index, Hang Seng, and Kospi showing gains. However, the Dow Jones Futures in the US were trading lower at 40,005. Overall, the Indian equity markets demonstrated resilience amidst volatility ahead of key US CPI data, maintaining a cautious yet positive outlook.
