The Indian stock market closed on a muted note, with benchmark index Sensex closing almost unchanged on expiry day and Nifty ending below 24,100 as investors digested the rising uncertainties around the Iran-US war.
At the closing bell, the BSE Sensex closed higher by 1 point.
Meanwhile, the NSE Nifty closed 5 points lower.
Wipro, HCL Tech, Indigo among the top gainers today.
HDFC Bank, Bharat Electronics and Eternal, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,093, trading flat at the time of writing.
The BSE 150 Midcap index ended 0.3% lower, and the BSE 250 Smallcap index ended marginally higher.
Sectoral indices were trading mixed today, with stocks in the IT sector and the Auto sector witnessing a buying spree. Meanwhile, stocks in the realty and banking sectors witnessed selling pressure.
The rupee is trading at 95.69 against the US$.
Gold prices for the latest contract on MCX are trading 0.2% lower at Rs 141,57 per 10 grams.
Meanwhile, silver prices were trading 0.8% lower at Rs 218,850 per 1 kg.
Why IT Shares Snap Their Two-Day Fall?
In news from the IT sector, IT stocks rebounded on Thursday, ending a two-session losing streak as investors bought beaten-down stocks ahead of the June quarter earnings.
The Nifty IT index rose as much as 1.8%, with HCL Technologies leading the gains, while TCS and Wipro also advanced. All 10 stocks in the index traded in the green.
The recovery was driven by optimism ahead of Wipro and Tech Mahindra's quarterly results, with investors closely watching management commentary on demand and business outlook.
Buying also emerged after the recent decline, as investors accumulated quality IT stocks at lower valuations.
Additionally, softer-than-expected US inflation data boosted hopes of a less aggressive US Federal Reserve, improving sentiment for export-focused IT companies.
Why Mrs Bectors Share Price Is Rising
Shares of Mrs Bectors Food Specialities rallied sharply on Thursday after ace investor Sunil Singhania's Abakkus Investment Managers acquired a stake in the FMCG company through a bulk deal.
The investment firm purchased 29.4 lakh shares on July 15 at an average price of Rs 168.97 per share, according to exchange data.
The bulk purchase lifted investor sentiment, as buying by well-known institutional investors is often seen as a sign of confidence in a company's long-term prospects.
Reacting to the development, the stock opened nearly 7% higher at Rs 182.01 on the NSE and extended its gains during the session, rising as much as 17% to an intraday high of ?197.50.
Mrs Bectors Food Specialities Limited is a leading packaged food company with a strong presence in the biscuits and bakery segments.
Its flagship brands include Cremica, known for biscuits, cookies, crackers, and condiments, and English Oven, one of India's leading premium bread and bakery brands.
In past month so far shares of Mrs Bectors Food Specialities have gained over 4%.
Why ABB India Shares Surged
ABB India shares surged as much as 10% to a 52-week high of Rs 7,923.35 on the BSE during Thursday's trade after its parent company, ABB, reported record quarterly orders and strong operational performance for the June 2026 quarter.
The stock surpassed its previous 52-week high of Rs 7,824.95 touched in April and has gained around 53% so far in calendar year 2026, significantly outperforming the BSE Sensex, which has declined about 9% over the same period.
The rally was driven by ABB Global's robust June quarter results. The company reported a record order intake of US$12 billion, supported by strong customer investments in energy expansion, energy efficiency, and energy resilience. Revenue grew 12% on a comparable basis, while the operational EBITA margin expanded 90 basis points to 20.2%. Operational EBITA increased 20%, reflecting strong execution and sustained demand across its key markets.
Capital Market Stocks Fall
Capital market-related stocks witnessed broad-based selling on Thursday, with the Nifty Capital Market index declining more than 2% during intraday trade, even as the benchmark Nifty 50 traded marginally higher. The weakness was seen across asset management companies, wealth managers, broking firms, and market infrastructure businesses.
Among the major losers, HDFC AMC, Groww (Billionbrains Garage Ventures), and Nippon Life India AMC fell by up to 5%.
Meanwhile, UTI AMC, Nuvama Wealth Management, 360 ONE WAM, KFin Technologies, Angel One, and Multi Commodity Exchange of India (MCX) declined around 3% each.
The decline comes after a strong rally in the sector over the past few months, with investors likely booking profits.
The Nifty Capital Market index had hit a record high of 5,697.10 in May 2026, making the recent pullback a sign of profit-taking after the sharp run-up.
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