The stock market saw a relatively subdued trading session with the benchmark indices closing flat. The S&P BSE Sensex marginally gained 17.39 points or 0.02% to settle at 73,895.54, while the NSE Nifty50 dipped by 31.7 points or 0.14% to close at 22,444.15.
Throughout the day, the market witnessed uneven movements, with the IT sector recording gains while state-owned banking stocks faced declines. Investor sentiment remained cautious amid speculation surrounding potential interest rate cuts in the United States.
Sector-wise, the auto, IT, pharma, FMCG, realty, and healthcare indices ended in the green, whereas PSU bank, metal, energy, and media sectors closed with losses.
Britannia shares emerged as the top gainer on the Nifty index, registering a notable surge of 7% during the trading session. Conversely, Titan shares witnessed the most significant decline following the announcement of their Q4 results.
At the closing bell, Britannia shares were trading at Rs 5,057.90, marking a gain of 6.6%, while Titan shares ended the day at Rs 3,284.00, reflecting a decline of 7.07%.
Other top gainers included Kotak Mahindra Bank, TCS, Hindustan Unilever, and Mahindra and Mahindra, while Adani Enterprises, Coal India, Bharat Petroleum Corporation Limited, and State Bank of India were among the top losers.
The Volatility Index (INDIA VIX) increased by 13.56% and concluded the day at 16.60, indicating heightened market volatility.
