Stock Market Highlights: Nifty, Sensex See Muted Close On Monthly Expiry Day; RIL, HDFC Bank Weigh
There was a lack of triggers from around the globe as most markets were closed on account of the Boxing Day holiday.
After opening higher, the benchmark equity indices saw a muted close on the day of 2024's last monthly derivatives contract expiry of the Nifty index on Thursday.
Adani Ports and Special Economic Zone Ltd. contributed the most to the gains, while heavyweights HDFC Bank Ltd. and Reliance Industries Ltd. dragged.
There was a lack of triggers from around the globe as most markets were closed on account of the Boxing Day holiday.
The NSE Nifty 50 ended 0.10% or 22.55 points up at 23,750.20 and the BSE Sensex closed flat at 78,472.48. During the day, both the indices had risen around 0.5%.
"The bulls are finding it difficult to overcome the immediate hurdle of 23,850," Aditya Gaggar, director of Progressive Share Brokers, said. 'We need a convincing move on either sides of a well-maintained range of 23,650–23,850."
Share price of Adani Ports, Mahindra & Mahindra Ltd., Bharti Airtel Ltd., Sun Pharmaceutical Industries Ltd. and Maruti Suzuki India Ltd. contributed the most to the gains.
HDFC Bank, RIL, ITC Ltd., Titan Co. and Larsen & Toubro Ltd. weighed the most.
The market breadth was skewed in favour of the sellers as 2,334 stocks declined, 1,651 advanced and 88 remained unchanged on the BSE.
The broader markets ended on a mixed note as the BSE MidCap ended 0.11% higher and the SmallCap closed 0.24% down.
On the BSE, 14 sectors ended higher and seven declined out of 21. The BSE FMCG declined the most, and the BSE Services rose the most.
