The Indian stock market experienced a choppy session on Thursday, with benchmark indices erasing early gains to close flat. Investors remained focused on the upcoming meeting between Prime Minister Narendra Modi and US President Donald Trump, which is expected to enhance bilateral relations.
The Sensex closed at 76,138.97, down 32.11 points or 0.04% from the previous session. The index fluctuated within a range of 76,764.53 to 76,013.43 during the day. The Nifty settled at 23,031.40, declining by 13.85 points or 0.06%.
Among Nifty stocks, 27 ended lower. Hero MotoCorp, Infosys, and Larsen & Toubro (L&T) registered the highest declines, with losses of up to 4.93%. On the other hand, Sun Pharma, Bajaj FinServ, Tata Steel, Bajaj Finance, and Cipla posted gains of up to 3.12%.
The broader market showed mixed trends. The Nifty Midcap 100 index recorded a 0.25% gain, while the Nifty Smallcap 100 declined by 0.37%.
Sector-wise, financial services, pharmaceuticals, metals, healthcare, private banking, and real estate stocks performed positively, with gains of up to 1.47%.
In currency markets, the rupee’s movement will be influenced by the dollar index and global risk sentiment. Analysts see key support near 86.60 and resistance around 87.10.
PM Modi arrived in the US after visiting France, where he co-chaired the Artificial Intelligence Action Summit with French President Emmanuel Macron. His meeting with President Trump at the White House is scheduled for Thursday (US time).
–IANS
