The market ended Thursday’s session on a muted note as investors balanced encouraging corporate earnings with lingering global uncertainties. While the market traded in a narrow range throughout the day, selective buying in technology stocks helped limit losses.
The BSE Sensex closed nearly unchanged at 77,187, while the NSE Nifty 50 ended marginally lower at 24,073. Investors remained cautious amid concerns over geopolitical tensions in the Middle East and their potential impact on crude oil prices and global markets.
Technology stocks emerged as the biggest winners of the session. Wipro, Tech Mahindra and other IT counters attracted fresh buying ahead of quarterly earnings, with investors expecting stable demand and positive business outlooks. Electronics manufacturer Dixon Technologies was among the top gainers after receiving government approval under the production-linked incentive (PLI) scheme for mobile and semiconductor manufacturing, boosting confidence in its long-term growth prospects.
On the losing side, financial stocks weighed on market sentiment. Bajaj Finance, Bajaj Finserv and several insurance companies witnessed selling pressure after disappointing earnings and concerns over margins. Weakness in these heavyweight stocks offset gains in the IT sector, keeping benchmark indices largely unchanged.
The broader market, however, remained under pressure, with both mid-cap and small-cap indices closing in the red. Investors preferred booking profits in high-beta stocks while shifting focus to quality large-cap companies ahead of more quarterly earnings announcements.
Global cues also kept traders on edge. Ongoing tensions in the Middle East continued to raise concerns about possible disruptions to crude oil supplies, prompting investors to adopt a wait-and-watch approach. Despite the uncertainty, domestic market resilience and steady institutional participation prevented any sharp decline.
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