Indian stock market closed flat, Adani Ports was the top gainer

Mumbai: Domestic benchmark indices closed flat on Thursday. At the end of trading, selling was seen in IT, FMCG, metal, media and private bank sectors on Nifty. Adani Ports was at the top of the list of top gainers. Adani Ports stock closed more than 5 per cent higher at Rs 1,243.90. Adani Green Energy stock closed at Rs 1,064.30, up Rs 33.20.

The Sensex closed marginally down 0.39 points at 78,472.48 and the Nifty closed at 23,750.20, up 22.55 points or 0.10 per cent. Nifty Bank closed at 51,170.70, down 62.30 points or 0.12 per cent.

The Nifty Midcap 100 index closed at 57,125.70, up 67.80 points or 0.12 per cent. At the same time, the Nifty Smallcap 100 index closed at 18,728.65, down 4 points or 0.02 percent.

On the Bombay Stock Exchange (BSE), 1,639 stocks closed in the green and 2,329 in the red, while 106 stocks remained unchanged. According to market experts, on the last expiry day of the year, the domestic market remained stable throughout the day, while other markets were on holidays and there was a lack of major domestic or global triggers. Auto stocks saw gains from recent corrections.

On the sectoral front, buying was seen in auto, PSU banks, financial services, pharma, realty, energy, infra and commodities sectors on the Nifty. In the Sensex pack, Adani Ports, M&M, Maruti Suzuki, Sun Pharma, Bharti Airtel, Tata Motors, Kotak Mahindra Bank, Ultra Tech Cement, Power Grid, HCL Tech, SBI and Tata Steel were the top gainers. While, Titan, Asian Paints, Zomato, Tech Mahindra, Nestle India and Reliance were the top losers.

Experts said, “Fii outflows and concerns over depreciation of rupee in view of strength in the US dollar index, possible adverse tariffs and rate cuts in 2025 kept the market subdued.” Foreign institutional investors (FIIs) sold shares worth Rs 2,454.21 crore on December 24, while domestic institutional investors bought shares worth Rs 2,819.25 crore on the same day.