Stock Market Today: Sensex, Nifty Trade Flat Amid Volatility. Realty, Bank Down

Stock update: On the 30-share Sensex platform, M&M, L&T, Infosys, HCL, Airtel, Asian Paints emerged gainers. Tata Steel, JSW Steel, Bajaj Finance, Tata Motors, TCS, SBI were among losers

In the broader market, the BSE Midcap and Smallcap indices dropped up to 0.6 per cent. 

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The two key equity benchmarks, Sensex and Nifty, on Thursday are trading flat amid volatility on foreign fund outflows and mixed global trends. At 10 am, the BSE Sensex marginally advanced 69 points to 72,831. On the other hand, the NSE Nifty50 was trading at 22,022, up 25 points.

On the 30-share Sensex platform, M&M, L&T, Infosys, HCL, Airtel, Asian Paints emerged gainers. On the down side, Tata Steel, JSW Steel, Bajaj Finance, Tata Motors, TCS, SBI were among losers.

In the broader market, the BSE Midcap and Smallcap indices dropped up to 0.6 per cent. 

Sectorally, Nifty Realty and Bank indices are trading in the red, down over 1 per cent each. On the other hand, Oil & Gas index logged over 1 per cent gain.

In the previous session on Wednesday, the BSE Sensex plunged 906 points to end at 72,762, while the NSE Nifty50 slumped 338 points to 21,998.

In Asian markets, Seoul and Shanghai traded in the green, while Tokyo and Hong Kong quoted lower. The US markets ended on a mixed note on Wednesday.

Global oil benchmark Brent crude climbed 0.20 per cent to $84.20 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,595.06 crore on Wednesday, according to exchange data.

Meanwhile, in the early trading session on Thursday, the Indian rupee witnessed a decline of 5 paise, reaching 82.86 against the US dollar. This movement was attributed to a downward trend in the domestic stock market.

According to forex analysts, several factors contributed to this depreciation, including the robustness of the US dollar, the withdrawal of foreign funds, and the persistently high crude oil prices in the global market, all of which negatively impacted investor confidence.

At the onset of trading in the interbank foreign exchange, the rupee commenced at 82.84 against the dollar, marking a slight decrease from its previous closing value. The currency then dipped further to touch an early low of 82.86.

In comparison, the rupee had concluded Wednesday's trading session at 82.81 against the US dollar.