Stock market today: Nifty 50, Sensex fail to hold gains, close flat in choppy trade; metal stocks hit hard
Stock market today: Indian benchmark indices ended Tuesday’s trade, December 24, marginally lower after witnessing a relief rally in the previous session that helped break the five-day losing streak. Analysts suggest that markets are likely to remain rangebound for the entire week, as there are no fresh triggers to ignite bullish sentiment.
Market experts are also expecting the narrow momentum to continue into the start of next month, ahead of corporate earnings season.
FMCG stocks provided some support to the market in today’s session, but metals and PSU stocks dragged the indices lower. The Nifty 50 closed down by 0.08%, settling at 23,734, while the Sensex ended with a minor 0.09% drop at 78,467.
Similarly, the Nifty Midcap 100 index concluded the session with a 0.07% decline at 57,052, while the Nifty Smallcap 100 index managed to end with a gain of 0.26%, settling at 18,736.