Stock Market Snaps 5-Day Losing Run: Sensex Closes With Modest Gains, Nifty Ends Below 17,000

After oscillating between gains and losses throughout the day, the two key equity benchmarks, Sensex and Nifty, on Thursday snapped their five-day losing streak tracking high volatility. In the intra-day trade, FMCG and select banking shares gained, while IT and metal stocks saw selling pressure.

The S&P BSE Sensex at the end closed marginally higher by 79 points to 57,634. On the other hand, the NSE Nifty50, which dipped to a low of 16,850, settled 13 points higher at 16,986.

On the 30-share Sensex platform, Nestle, Titan, Hindustan Unilever, Sun Pharma, Asian Paints, and SBI were the major gainers, up over 2 per cent each. On the flip side, Tata Steel dropped over 3 per cent, and IndusInd Bank slipped 2.3 per cent. Bharti Airtel and Infosys were the other notable losers.

In the broader markets, the BSE Midcap index ended on flat note, while Smallcap index fell 0.7 per cent.

On the sectoral front, metal index shed nearly 3 per cent, while pharma, oil & gas, power, FMCG, realty indices rose 1 per cent each.

In the previous session on Wednesday, the S&P BSE Sensex, which zoomed to a high of 58,474 tracking positive overseas cues, erased gains and plunged to a low of 57,556, down 344 points. On the other hand, the NSE Nifty50 declined 71 points to 16,972.

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