Daijiworld Media Network- Mumbai

Mumbai, Jan 8: The Indian stock market closed on a flat note after a highly volatile session on January 8. The Nifty managed to hold steady despite fluctuations, while the Sensex showed signs of recovery by the close of trading.

Rupee Movement: The Indian rupee weakened by 13 paise, settling at 85.85 per dollar compared to the previous close of 85.72.

Top Gainers: Prominent Nifty gainers included ONGC, ITC, Reliance Industries, Asian Paints, and Dr. Reddy's Laboratories.

Top Losers: Stocks such as Apollo Hospitals, Trent, Bajaj Auto, UltraTech Cement, and Shriram Finance were among the major laggards.

Sector Performance: Gains were seen in FMCG, oil & gas, IT, and telecom sectors, with increases ranging between 0.3% to 1%. However, sectors such as realty, PSU banks, pharma, metals, media, banking, and auto faced declines of 0.4% to 1%.

Broader Market: Both the BSE Midcap and Smallcap indices fell by 1% each, reflecting cautious investor sentiment in the broader market.

The mixed market performance highlights sector-specific momentum amid broader volatility, leaving traders closely watching for cues in the coming sessions.