The Indian stock market ended Monday’s session on a flat note, with benchmark indices trading in a narrow range as investors awaited the Reserve Bank of India’s upcoming monetary policy decision.
The Sensex closed at 80,364.94, down 61.52 points or 0.08%, while the Nifty 50 ended at 24,634.90, down 19.80 points or 0.08%. Market activity remained range-bound, reflecting cautious investor sentiment ahead of the RBI policy announcement.
Analysts noted, “The Indian markets opened on a positive note, buoyed by global cues, but traded in a volatile manner throughout the session. The Nifty oscillated between 24,800 and 24,600 before settling near the day’s close.”
Sector-wise performance saw banking and financial services stocks rise, with Nifty Bank climbing 71 points (0.13%) and Nifty Financial Services gaining 21 points. Auto and IT stocks lagged, with Nifty Auto down 48 points (0.18%) and Nifty IT closing flat. FMCG stocks were positive, with Nifty FMCG up 98 points (0.18%).
Among Sensex constituents, Titan, SBI, NTPC, Trent, BEL, Mahindra & Mahindra, Tata Steel, HDFC Bank, Bajaj Finance, Sun Pharma, and Bajaj FinServ closed in green, while Axis Bank, Maruti Suzuki, Bharti Airtel, ICICI Bank, L&T, HCL Tech, Kotak Bank, and PowerGrid were the top losers.
Broader markets showed mixed trends. Nifty Midcap 100 rose 154 points (0.27%), Nifty 100 gained 27 points (0.11%), and Nifty Next 50 surged 690 points (1.03%), while Nifty Small Cap 100 ended lower.
Investors remain cautious ahead of the RBI monetary policy outcome, which is expected to set the next directional cue for the markets.
-IANS