Mumbai, August 13: The Indian stock market experienced limited trading activity during Thursday’s session. By the end of the day, the Sensex closed at 78,079.96, down by 113.61 points or 0.15%. Meanwhile, the Nifty ended at 24,395.85, declining by 40.10 points or 0.16%.
Among the indices, Nifty India Defense and Nifty Realty emerged as the top gainers, rising by 1.55% and 0.97%, respectively. Other gainers included Nifty FMCG, Nifty Consumer Durables, Nifty IT, Nifty Consumption, Nifty Media, Nifty PSU, and Nifty Auto. In contrast, Nifty Metal, Nifty Private Bank, Nifty Commodities, Nifty Oil and Gas, Nifty Financial Services, and Nifty PSU Bank faced losses.
Small and mid-cap stocks saw an uptick. The Nifty Midcap 100 index rose by 97.15 points or 0.15%, closing at 64,121.55, while Nifty gained 53.45 points or 0.27%, reaching 19,875.
Within the Sensex pack, stocks like Indigo, NTPC, BEL, L&T, HUL, Eternal, Tech Mahindra, Bajaj Finserv, Asian Paints, Trent, HCL Tech, ITC, TCS, Bajaj Finance, Kotak Mahindra Bank, Sun Pharma, and M&M were among the gainers. On the other hand, ICICI Bank, Titan, UltraTech Cement, Infosys, Tata Steel, HDFC Bank, Maruti Suzuki, and Axis Bank were the notable losers.
Market experts noted that inflation figures in both the U.S. and India were lower than expected, boosting investor confidence. This has strengthened hopes that the Fed and RBI may adopt a cautious approach regarding their policies in the near future.
However, high crude oil prices remain a significant concern, and geopolitical uncertainties in the Middle East continue to hinder risk-taking in the market.
Experts further stated that the current earnings season has bolstered confidence in demand conditions and corporate strength in India, helping to mitigate the impact of external challenges. In the near future, market direction is likely to be influenced by changes in energy markets, geopolitical risks, and the continuity of foreign capital flows.
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