Indian Equity Markets End Flat Amid Sensex Expiry Volatility
Benchmarks end flat amid sensex expiry volatility; Nifty settles below 24,350 mark
Business Standard
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The benchmark equity indices in India closed nearly flat on Thursday, with the S&P BSE Sensex dropping 114 points to 77,844.52 amid volatility from the weekly derivatives expiry. The Nifty 50 index settled below 24,350, while broader market indices showed strength, driven by optimism over a potential US-Iran peace agreement.
- 01S&P BSE Sensex fell 114 points to 77,844.52.
- 02Nifty 50 index closed at 24,326.65, down 4.30 points.
- 03Broader market indices like BSE MidCap and SmallCap outperformed, rising 1.09% and 1.16% respectively.
- 04Consumer durables, IT, and FMCG sectors faced declines, while auto and real estate sectors saw gains.
- 05Bajaj Auto reported a 34% increase in net profit, boosting investor sentiment.
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On Thursday, Indian equity benchmarks experienced marginal losses, with the S&P BSE Sensex declining 114 points or 0.15% to close at 77,844.52 and the Nifty 50 index shedding 4.30 points or 0.02% to end at 24,326.65. The market was influenced by volatility surrounding the weekly derivatives expiry, although the broader market indices outperformed. The BSE MidCap Index surged 1.09% and the BSE SmallCap Index rose 1.16%. Investor sentiment was buoyed by optimism regarding a potential peace agreement between the US and Iran, alongside a drop in Brent crude prices below $100 per barrel and a strengthening Indian rupee against the US dollar.
Sector-wise, consumer durables, IT, and FMCG stocks faced declines, with the Nifty Consumer Durables index dropping 0.85%. Conversely, auto, real estate, and chemical sectors saw buying interest. Notable gainers included Bajaj Auto, which reported a 34% increase in consolidated net profit for Q4 FY26, and CG Power, which saw a 32% profit jump. Meanwhile, Brigade Enterprises experienced a 41.05% decline in profit, reflecting the mixed performance across sectors. Overall, the market breadth was strong, with 2,704 shares advancing against 1,396 shares declining on the BSE.
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The mixed performance of the markets indicates a cautious sentiment among investors, which may affect trading strategies and investment decisions.
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