New Delhi [India], November 12 (ANI): Indian fairness markets closed flat on Thursday as buyers remained cautious forward of the October inflation knowledge due later within the day.
Buying in monetary and realty shares helped offset profit-booking in IT, FMCG and car shares following the latest sharp rally.
The Nifty 50 index closed at 25,299.35, gaining 44.30 factors or 0.18 per cent, whereas the BSE Sensex ended at 81,911.01, up 31.61 factors or 0.04 per cent.
Vinod Nair, Head of Research at Geojit Investments, mentioned shopping for in monetary and realty shares supported the market, whereas buyers booked income in sectors that had witnessed a latest rally.
‘Indian equities traded close to flat as shopping for in financials and realty offset profit-taking in IT, FMCG and cars following the latest sharp rally. Strong international inflows remained the important thing assist, reinforcing a large-cap monetary rotation moderately than broad index chasing. Mid- and small-caps however outperformed, signalling firmer underlying danger urge for food regardless of muted benchmarks. Softer crude supplied macro reduction, although international know-how volatility and a hotter-than-expected US inflation print saved international yields and price expectations in focus, limiting scope for broader rerating,’ he mentioned.
In the broader market, the Nifty 100 gained marginally by 0.02 per cent. The Nifty Smallcap 100 surged by greater than 1 per cent, whereas the Nifty Midcap 100 gained 0.65 per cent, indicating stronger efficiency in smaller corporations in comparison with benchmark indices.
Among sectoral indices on the NSE, the Nifty Realty index surged 4 per cent, whereas the Nifty Media index gained 2.48 per cent. The Nifty PSU Bank index superior 1.39 per cent and the Nifty Private Bank index rose 0.74 per cent. The Nifty Consumer Durables index additionally gained 0.35 per cent.
On the opposite hand, the Nifty Auto index declined 1.28 per cent, whereas the Nifty FMCG index misplaced 0.87 per cent. The Nifty IT index fell 0.51 per cent, the Nifty Metal index declined 0.15 per cent and the Nifty Pharma index misplaced 0.42 per cent.
Nair mentioned, ‘Domestically, consideration now shifts to India’s October CPI, the place the trajectory of meals costs can be vital following elevated September inflation. Near time period, the market ought to stay selectively constructive, with path hinging on sustained international liquidity, inflation tendencies and whether or not financial-led good points broaden with out stretching valuations.’
Meanwhile, Brent crude oil was buying and selling at USD 92.65 per barrel on the time of reporting. Gold costs declined by greater than 1.5 per cent to Rs 1,37,565 per 10 grams for twenty-four karats, whereas silver costs fell 1.83 per cent to Rs 1,81,142 per kg.
Pranjal Ghate, Economist at Brickwork Ratings, mentioned the rupee slipped to 93.77 in opposition to the US dollar in early commerce, weighed down by a stronger dollar and rising US Treasury yields.
‘While the rupee slipped to 93.77 in opposition to the US dollar in early commerce as we speak, weighed down by a stronger dollar and rising US Treasury yields, these near-term fluctuations shouldn’t overshadow the broader restoration within the forex over latest weeks, bringing it again to ranges final seen in April 2026. India is more and more being seen as a possible ‘AI hedge’ by international buyers, with any additional unwinding of crowded US and international AI-related trades probably supporting international fairness inflows into Indian markets,’ he mentioned.
In different Asian markets, most indices closed decrease on Thursday. Japan’s Nikkei 225 declined 0.99 per cent to 60,650, Singapore’s Straits Times fell 0.14 per cent to five,282, and Hong Kong’s Hang Seng index misplaced 1.46 per cent to 23,967. Taiwan’s weighted index declined 2.70 per cent to 43,091, whereas South Korea’s KOSPI index fell 0.60 per cent to five,342. (ANI)