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Share Markets Remain On Edge, Sensex 100 Points Up, Nifty Ends Under 24,400

At around 2 PM IST, the Sensex was trading at 77,984, up around 18 points or 0.02 per cent, while the Nifty stood at 24,392, down 44 points or 0.18 per cent.

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Key points generated by AI, verified by newsroom
  • Indian equities closed mixed, recovering from earlier intraday lows.
  • Realty, FMCG, IT gained; metals, banks, pharma dipped.
  • Smallcaps outperformed; DIIs supported market amid FII selling.

Indian equity benchmarks remained largely rangebound on Thursday, with a mild negative bias persisting through the session despite a recovery from the day's lows. The market saw selective buying in realty, FMCG and IT stocks, while weakness in metals, private banks and pharmaceutical shares capped gains.

The BSE Sensex closed the session near 78,100, rising more than 100 points, while the NSE Nifty50 ended trading under 24,400, slipping 40 points.

Sensex, Nifty Recover From Intraday Lows

At around 2 PM IST, the Sensex was trading at 77,984, up around 18 points or 0.02 per cent, while the Nifty stood at 24,392, down 44 points or 0.18 per cent.

The Nifty had slipped to an intraday low of 24,311 before recovering, reflecting a cautious trading environment as investors bought at lower levels while remaining wary of uncertain global cues.

Smallcaps Outperform Broader Market

The broader market showed greater resilience compared with the frontline indices.

The Nifty Bank declined 0.44 per cent to 57,629, while the Nifty Midcap 100 was nearly unchanged, slipping 0.05 per cent to 63,994.

Small-cap stocks performed relatively better, with the Nifty Smallcap 100 rising 0.25 per cent to 19,871. The performance kept overall market breadth relatively balanced despite weakness in the benchmark Nifty.

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Sensex Movers: InterGlobe Aviation, NTPC Among Gainers

Among Sensex constituents, InterGlobe Aviation, NTPC, Bharat Electronics, Larsen & Toubro, Hindustan Unilever and Eternal ended among the leading gainers.

ICICI Bank, Titan, Reliance Industries, UltraTech Cement and Infosys were among the stocks that weighed on the benchmark.

“Elevated crude oil prices remain a key overhang, with geopolitical uncertainty in the Middle East preventing a stronger risk-on move,” Vinod Nair, Head of Research at Geojit Investments Limited, said.

Brent crude, the global oil benchmark, fell 1.44 per cent to $87.70 per barrel.

Among sectoral indices, Nifty Realty emerged as the top performer, advancing 0.78 per cent, helped by gains in stocks including Oberoi Realty and Lodha Developers.

The Nifty FMCG index rose 0.52 per cent, while Nifty IT gained 0.36 per cent on buying interest in select technology counters, including Tech Mahindra.

Metal, Private Banks Drag

The Nifty Metal index was the biggest sectoral laggard, declining 1.07 per cent. Stocks such as Hindalco, NALCO and Vedanta remained under pressure.

Private banking stocks also weighed on the market, with the Nifty Private Bank index falling 0.50 per cent. ICICI Bank, Federal Bank and Bank of Baroda traded lower.

The Nifty Pharma index also declined 0.43 per cent.

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DIIs Cushion FII Selling

Institutional flows continued to provide an important support to domestic equities.

The latest available provisional cash-market data for August 12 showed that foreign institutional investors (FIIs) sold shares worth Rs 1,002.50 crore, while domestic institutional investors (DIIs) purchased equities worth Rs 5,841.66 crore.

Frequently Asked Questions

How did the Indian equity benchmarks perform on Thursday?

Indian equity benchmarks remained largely rangebound with a mild negative bias. The BSE Sensex closed over 100 points higher near 78,100, while the NSE Nifty50 slipped 40 points, ending below 24,400.

Which sectors showed strength on Thursday?

Nifty Realty emerged as the top performer, advancing 0.78%. The Nifty FMCG index rose 0.52%, and the Nifty IT index gained 0.36%, driven by selective buying interest.

Which sectors weighed down the market?

The Nifty Metal index was the biggest sectoral laggard, declining 1.07%. Private banking stocks and the Nifty Pharma index also contributed to the market's weakness.

How did small-cap stocks perform compared to the broader market?

Small-cap stocks showed greater resilience, outperforming the frontline indices. The Nifty Smallcap 100 rose 0.25%, keeping the overall market breadth relatively balanced.

What was the activity of institutional investors?

Foreign Institutional Investors (FIIs) sold shares worth Rs 1,002.50 crore. Domestic Institutional Investors (DIIs) provided support by purchasing equities worth Rs 5,841.66 crore, cushioning the FII selling.

About the author Sakshi Arora

Sakshi Arora is Chief Copy Editor at ABP Live English, working on business stories that track markets, global economies and key financial trends. A quick and dependable hand on the desk, she balances numbers with nuance, and is an expert on everything Personal Finance, Mutual Funds, and IPOs.

For any tips and queries, you can reach out to her at sakshia@abpnetwork.com.

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