The Indian stock markets experienced mild volatility on Thursday, with the Sensex and Nifty trading lower during the mid-morning session, reflecting a mixed market sentiment at around 12:30 pm.

The Sensex currently stands at 81,349.88, down 176.26 points or 0.22 per cent from its previous close, while the Nifty has slipped to 24,573.70, losing 68.10 points or 0.28 per cent. The broader market indicators reveal a challenging trading environment, with 2,492 stocks declining compared to 1,379 advancing stocks.

Sectoral indices showed varied performance, with the Nifty Bank index dropping 132 points (0.25 per cent) to 53,259.35 and the Nifty Financial Services index declining 57.20 points (0.23 per cent) to 24,745.85. The Nifty Next 50 and Nifty Midcap Select indices also witnessed marginal corrections.

Among the Nifty 50 components, top gainers included Adani Enterprises (1.66 per cent), Tech Mahindra (1.53 per cent), Adani Ports (1.52 per cent), IndusInd Bank (1.14 per cent), and Infosys (1.04 per cent). These stocks provided some support amid the overall market weakness.

Conversely, several stocks faced significant selling pressure. Hindustan Unilever led the losers, falling 2.12 per cent, followed by NTPC (-1.93 per cent), Hero MotoCorp (-1.84 per cent), Apollo Hospitals (-1.56 per cent), and Tata Consumer Products (-1.54 per cent).

Market breadth remained cautious, with 230 stocks touching 52-week highs and 17 stocks hitting 52-week lows. Additionally, 287 stocks were in the upper circuit, while 238 were in the lower circuit, indicating notable volatility in individual stock movements.

The market remains open, with traders and investors awaiting further developments and potential shifts in sentiment before the closing bell.

Published on December 12, 2024