Mumbai’s stock market wrapped up a subdued session on Wednesday with benchmark indices ending largely unchanged amid mixed sectoral performances. The Sensex dipped marginally by 40.28 points, or 0.05%, to settle at 84,233.64, while the Nifty eked out a slight gain of 18.70 points, or 0.07%, closing at 25,953.85.
Healthcare and auto sectors emerged as the day’s bright spots, injecting momentum into an otherwise flat market. The Nifty Healthcare index surged 1.62%, leading the pack, followed by Nifty Auto at 1.30%, Nifty PSU Bank up 1.03%, Nifty Pharma rising 1.01%, Nifty India Manufacturing gaining 0.76%, and Nifty Realty advancing 0.63%.
In contrast, the IT sector weighed heavy, with Nifty IT tumbling 1.76%. Nifty PSE and Nifty Private Bank also posted modest declines of 0.16% each.
Among Sensex constituents, gainers included SBI, Maruti Suzuki, IndiGo, Trent, NTPC, Bajaj Finance, ICICI Bank, Sun Pharma, BEL, Bharti Airtel, and L&T. On the losing side were TCS, Infosys, HCL Tech, Eternal, ITC, Tech Mahindra, HDFC Bank, Axis Bank, UltraTech Cement, Titan, Tata Steel, Bajaj Finserv, Kotak Mahindra Bank, Asian Paints, and Power Grid.
Midcap and smallcap indices mirrored the benchmarks’ flat trajectory. Nifty Midcap 100 rose 0.03% to 60,754.55, and Nifty Smallcap 100 nudged up slightly to 17,455.
Rupak De, Senior Technical Analyst at LKP Securities, noted that the Nifty faced resistance at 26,000 during the session, leading to a pullback. ‘The short-term trend remains positive with support around 25,800,’ he said. ‘A decisive break above 26,000 could trigger further upside.’
The market opened flat, with Sensex starting 65.23 points higher at 84,339.15 from the previous close of 84,273.92, and Nifty advancing 62.3 points to 25,997.45 from 25,935.15. Investors now eye upcoming economic data and global cues for the next move in this range-bound market.