Vinod Nair, Head of Research, Geojit Financial Services, said, "The domestic market ended flat, due to by profit-booking at higher levels. However, the expectation of dovish comments from the US Fed and BoE in the upcoming policy meetings this week is supporting the optimism." "The investors will also closely monitor comments from BoE and BoJ. The BOE is expected to lower rates due to rising unemployment and easing inflation, while the BOJ is likely to increase rates in response to surging inflation, potentially causing market volatility," Nair added

Benchmark stock market indices ended the trading session on a positive note despite experiencing high fluctuation due to profit-booking pressure.

The S&P BSE Sensex ended 99.56 points higher at 81,455.40 at the closing bell, while the NSE Nifty50 gained 21.20 points to settle at 24,857.30. Most of the other broader market indices also ended the trading session on a positive note, especially smallcap and midcap stocks.

Auto and energy stocks were among the top gainers, while FMCG stocks suffered significant losses. The top five gainers on the Nifty50 were Tata Motors, NTPC, BPCL, Power Grid, and Titan. On the other hand, the top drags were LTIM, SBI Life, Cipla, Grasim, and Sun Pharma.

Aditya Gaggar, Director of Progressive Shares, said, "After a muted opening, the Index surged higher under the leadership of the Energy and Auto counters but then towards the end of the session, pared off a majority of its gains to settle the day at 24,857.30 with gains of 21.20 points." He added that "Nifty50 has made a DOJI candlestick pattern which indicates an indecisiveness between the bulls and bears. A psychological level of 25,000 will continue to act as a strong barrier while immediate support is placed at 24,800 followed by 24,660."

Vinod Nair, Head of Research at Geojit Financial Services, commented, "The domestic market ended flat due to profit-booking at higher levels. However, the expectation of dovish comments from the US Fed and BoE in the upcoming policy meetings this week is supporting the optimism." He further mentioned that investors will closely monitor comments from BoE and BoJ. The BoE is expected to lower rates due to rising unemployment and easing inflation, while the BoJ is likely to increase rates in response to surging inflation, potentially causing market volatility.

Overall, the stock market's performance reflects a cautious optimism, with significant movements in auto and energy sectors driving gains, while FMCG stocks faced setbacks. The market's response to upcoming central bank policy decisions will be crucial in determining its direction in the near future.