On Thursday, Indian stocks showed little movement, reflecting the impact of discouraging global market trends following underwhelming Chinese inflation data. Additionally, reports surfaced that U.S. President-elect Donald Trump was contemplating declaring a national economic emergency to facilitate the imposition of broad tariffs on both allies and adversaries.
In the early trading session, the benchmark S&P BSE Sensex fell by 208 points, translating to a 0.3% decrease, closing at 77,939. Similarly, the NSE Nifty index declined by 68 points, or 0.3%, settling at 23,621.
Notable decliners included Larsen & Toubro, ONGC, Trent, UltraTech Cement, and Apollo Hospitals Enterprise, which faced losses ranging from 1% to 2%.
Tata Motors recorded a drop of over 1% following a mixed performance report for the quarter from its subsidiary, Jaguar Land Rover (JLR).
NTPC Green Energy saw a reduction of 2% after announcing the formation of a joint venture dedicated to the development and management of renewable energy parks in Rajasthan and the exploration of green hydrogen initiatives. Zee Media experienced a 3% decline amid news of potential fundraising efforts.
Conversely, Kotak Mahindra Bank and Hindustan Unilever each experienced a 2% rise.
Manappuram Finance surged by 4.2% after the Reserve Bank of India lifted supervisory restrictions on its microlending subsidiary, Asirvad Microfinance.
Hindalco experienced a 1% increase following its subsidiary Novelis' announcement of a $500-million senior unsecured notes offering aimed at debt refinancing.
TCS saw a modest gain of approximately 0.5% ahead of its earnings report.
