Synopsis : Indian equity markets traded flat after two sessions of gains, with losses in IT and realty stocks offsetting supportive global cues. Stock-specific action remained in focus as Belrise Industries surged 10% while Ambuja Cements gained 2%.
Indian benchmark indices paused on Thursday, trading largely flat after two consecutive sessions of gains, as selling pressure in IT and realty stocks capped upside despite upbeat signals from global markets.
Around 11:00 AM, the BSE Sensex was trading at 85,536.96, marginally down by 30.52 points (0.04%), while the NSE Nifty 50 hovered at 26,181.95, edging up 9.55 points (0.04%). The muted movement reflected a cautious approach by investors ahead of key global data releases.
Among Sensex gainers, Power Grid, UltraTech Cement, BEL, Kotak Mahindra Bank, Bajaj Finance, NTPC, and HDFC Bank provided support to the indices. On the flip side, Infosys, Bharti Airtel, TCS, ICICI Bank, Asian Paints, Tech Mahindra, Eternal, and Axis Bank weighed on market sentiment, with IT stocks facing the brunt of profit-taking.
In the broader markets, performance was mixed. The Nifty Midcap index traded almost flat with marginal gains of 0.01%, while the Nifty Smallcap index outperformed, rising 0.35%, indicating selective buying interest in smaller stocks.
Sectorally, Nifty IT emerged as the top laggard, falling over 1%, reflecting cautious sentiment toward technology stocks. In contrast, Nifty Metal climbed 0.63%, and Nifty Pharma added 0.27%, benefiting from defensive buying and commodity-linked strength.
Key events to watch
Investors are closely tracking major U.S. macroeconomic data, including Q3 GDP growth estimates, October–November industrial production, and manufacturing output figures, which could influence global market direction.
IPO corner
In the primary market, the Gujarat Kidney & Super Speciality IPO entered its second day of subscription in the mainboard segment, while KSH International made its debut on the exchanges.
In the SME space, IPOs of Bai Kakaji Polymers, Admach Systems, Nanta Tech, and Dhara Rail Projects opened for subscription, while EPW India, Dachepalli Publishers, Shyam Dhani Industries, and Sundrex Oil Co moved into their second day of bidding.
With global data and IPO activity in focus, markets are likely to remain range-bound in the near term, with stock-specific moves continuing to dominate trading action.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks; readers should consult a qualified financial advisor before making any investment decisions.
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