Stock Market Highlights: Nifty, Sensex End Flat; Wipro, Zomato, HDFC Life Close In Green

The benchmark equity indices closed flat on Wednesday, with shares of Wipro, Eternal, and HDFC Life contributing positively to the index.

Nifty and Sensex Performance

The NSE Nifty 50 ended 11.9 points or 0.05% higher at 24,631.3 and the BSE Sensex ended 57.7 points or 0.07% up at 80,597.6.

Weekly Gains

Benchmarks marginally outperformed broader market indices for the week as they gained nearly 1% for the week. Nifty snapped its six-week losing streak, led by Apollo Hospital, Eternal, and Cipla.

Sector-wise Performance

Nifty Pharma gained nearly 3.5% for the week, emerging as the top-gaining sector for the week. Nifty IT snapped its five-week losing streak. Nifty Financial services, Bank, PSU Bank, Pharma snapped its two-week losing streak. While Nifty Auto, Media, FMCG, and Metals gained for the second straight week.

Top Gainers and Losers

Wipro marked the highest gains in the lot with over 2% gains as Zomato closely followed with nearly 2% gains. HDFC Life, Infosys, and Asian Paints also marked gains.

Tata Steel marked the deepest losses closing over 3% lower with Tech Mahindra, Hero Moto, and Bharat Electronics in the red.

Market Breadth

The market breadth was skewed in favor of the sellers as 2,305 stocks declined, 1,761 stocks advanced, and 149 remained unchanged on the BSE.

Internal Linking Opportunities

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