Nifty flatlines near 24,232 at midday; crude surge caps gains, Power Grid shines
Sensex, Nifty remain confined to tight trading band through session, with limited directional momentum
Markets were nearly flat at midday on Friday as risk appetite remained subdued due to a sharp surge in crude oil prices and a rise in US Treasury yields. The Sensex closed at 77,549.90, up 12.18 points or 0.02 per cent, while the Nifty 50 ended at 24,232.55, up 0.70 points or 0.00 per cent. Power Grid Corporation led the Nifty 50 gainers with a 2.25 per cent rise to ₹270.75, while HDFC Bank, Kotak Mahindra Bank, and ICICI Bank contributed to the Bank Nifty's strength.
Bank Nifty outperformed the benchmark index. Nifty Smallcap 100 also showed broad participation. Among losers, Cipla, IndiGo, Maruti Suzuki, and Trent declined. Sectorally, Nifty Metal and Nifty Oil and Gas were top performers, while Nifty FMCG was the worst performer. Precious metals like COMEX Gold and Silver also showed positive movement. Immediate Nifty support was seen at 24,160–24,140, with resistance at 24,260–24,280.
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