Stock market closes flat after volatile trading

Mumbai, July 11: The stock market closed flat at the end of the trading session on Thursday. The NSE Nifty 50 ended marginally higher by 0.05 per cent to settle at 24,337, while the BSE Sensex closed slightly lower by 0.01 per cent at 79,914.26 points.

Market sentiment was subdued as investors awaited the first-quarter results of TCS and contended with the weekly expiry of Nifty futures and options contracts.

The stocks of ONGC, BPCL, Coal India, ITC, and Tata Motors gained on the National Stock Exchange (NSE) while Tata Consumer Products, Bajaj Finance, M&M, Divi's Laboratories, and NTPC underperformed, emerging as major laggards.

In the broader market, the BSE MidCap index edged up by 0.2 per cent, and the SmallCap index advanced by 0.5 per cent. Market breadth was positive with more than 2,100 stocks advancing compared to 1,660 declining on the BSE.

Of particular note in today's trading session were shipping firms, RVNL, and YES Bank, garnering attention. Raymond traded at an adjusted price post the de-merger of its Lifestyle unit.

"It was another mildly volatile day for Indian markets, as can be expected at all-time high levels.