Indian equity benchmarks closed Thursday’s trade on a muted note. The Nifty 50 ended the day flat at 25,879, and the Sensex increased 12 points or 0.01% to end at 84,478.
The banking stocks outperformed the benchmarks. The Nifty Bank settled 107 points or 0.18% higher at 58,382. The midcap stocks also declined in today’s trade. The BSE Midcap rose 161 points, or 0.34%, at 47,199. The BSE Smallcap finished 160 points or 0.30% higher at 53,096.
“National equities closed flat after a positive session, as profit-booking erased early gains despite optimistic global and domestic cues. Sentiment was buoyed by Trump signing a short-term funding bill to end the U.S. government shutdown and hopes of tariff relief for India. The record-low October inflation prints reinforced expectations of an RBI rate cut, making rate-sensitive sectors like metals and realty attractive to investors,” said Vinod Nair, Head of Research at Geojit Investments.
Big highlights from today’s market action-
Indices in intraday trade
The indices closed the trade on a muted note. During the session, out of 3,187 trading stocks, 1,367 advanced, while 1,732 declined, and 88 remained unchanged. Today, 71 stocks hit a fresh 52-week high. Meanwhile, 96 stocks touched a new 52-week low.
Top gainers
Asian Paints was the top gainer in the Nifty 50 in Thursday’s session, closing 3.4% higher. It was followed by Hindalco Industries, IndiGo, ICICI Bank, and L&T.
Top losers
Eternal (Zomato)’s shares were the biggest losers in today’s trade, declining 3.7%. It was followed by Tata Motors Commercial Vehicle, Mahindra & Mahindra, Eicher Motors, and Tata Steel were the only losers.