India’s main stock market indices, the BSE Sensex and NSE Nifty, ended almost flat on Thursday after giving up their early gains. The markets were pulled down by selling pressure in some heavyweight stocks such as Trent, Eternal and Power Grid. However, gains in shares like Bharat Electronics (BEL) and Adani Ports helped limit the losses.
At the end of the trading session, the Sensex slipped 27.46 points, or 0.03%, to close at 82,248.61. The Nifty, on the other hand, rose slightly by 14.05 points, or 0.06%, to settle at 25,496.55.
During the day, the 50-share Nifty index moved within a narrow and volatile range. It stayed above the important support level of 25,400 but faced resistance between 25,570 and 25,600. Market experts said the index is currently in a consolidation phase, where prices move within a small range without a clear upward or downward trend.
Ponmudi R, CEO of Enrich Money, said the 25,650–25,750 range continues to act as a strong supply zone. This means investors are selling at higher levels, preventing the market from rising further. He added that the Nifty mostly traded between 25,400 and 25,460 during the session, showing that the market is waiting for fresh triggers.
Among Sensex stocks, Bharat Electronics (BEL) was the top gainer, rising 2.21% to Rs 449. Sun Pharma gained 1.34%. Adani Ports, Maruti Suzuki, Bharti Airtel and State Bank of India also ended higher, rising between 0.75% and 1.23%.
On the other hand, Trent, Eternal and Power Grid were among the top losers, falling up to 1.61%. Selling in these heavyweights prevented the indices from closing with stronger gains.
Overall, the markets showed cautious movement, with investors closely watching global trends and domestic economic cues for direction.