Indian equity benchmarks closed largely unchanged on Thursday, with the Nifty 50 edging up 0.05% and the Sensex gaining 0.48%.
The muted aggregate performance masked a sharp divergence between the two indices, extending a four-session trend of outperformance by the Sensex relative to the Nifty.
Defence stocks emerged as the day’s clear winners, rallying approximately 3% on the back of sustained investor interest in the sector.
This split reflects ongoing sector rotation, where large-cap heavyweights in the BSE index are holding ground while mid-cap constituents in the Nifty face pressure.
Defence stocks emerged as the day’s clear winners, rallying approximately 3% on the back of sustained investor interest in the sector.
The strength in defence names helped offset weakness elsewhere, preventing a broader decline.
Meanwhile, gold prices jumped, signaling continued risk-off sentiment among investors who are hedging against uncertainty.