Mumbai: The Indian stock markets closed near the flatline on Thursday, marking the fifth consecutive series of decline—a first in 29 years.
At the closing bell, the Nifty 50 at the National Stock Exchange (NSE) dipped 2.50 points (0.01%) to settle at 22,545.05, while the BSE Sensex inched up by 10.31 points (0.01%) to 74,612.43.
During the session, 97 stocks remained unchanged, while 2,925 stocks declined and 892 advanced.
Ameya Ranadive, Technical Analyst at StoxBox, noted that investor sentiment was shaped by policy changes, corporate updates, and anticipation of key economic events. He added that financial stocks saw gains after the Reserve Bank of India relaxed lending rules for small borrowers and non-bank lenders.
Meanwhile, the volatility index (India VIX) dropped 2.97% to 13.31, signaling reduced market fluctuations.
