Stock Market Today: Nifty, Sensex End Little Changed After Muted Session; TCS, Infosys Lead

• The NSE Nifty 50 and BSE Sensex ended flat after trading in a narrow range throughout the day.

• The Nifty moved in a 96 points range, while Sensex moved in 333.22 points range in Wednesday's session.

• Tata Consultancy Services Ltd., and Infosys Ltd. were top leaders in Nifty 50 index.

• ICICI Bank Ltd., and Coal India Ltd. were top draggers in Nifty 50 index. The NSE Nifty IT index rose 1.58% to 39,731.35, the highest level in nearly two weeks during the session.

• The NSE Nifty Bank index fell 0.36% to 49,654.65, the lowest level in two months during the day.

• The NSE Nifty Metal index tumbled 2.56% to 8,727.80, the lowest level since June after the Supreme Court allowed states to collect mining royalty due from April 2005.

• The local currency settled 2 paise higher at 83.95 against the US Dollar on Wednesday.

• It closed at 83.97 a dollar on Tuesday.

Source: Congencis

Benchmark NSE Nifty 50 and BSE Sensex ended the lackluster session flat on Wednesday. Tata Consultancy Services Ltd., and Infosys Ltd. supported the benchmarks' gains, while ICICI Bank Ltd., and Coal India Ltd. pressured the indices.

The Nifty ended 4.75 points or 0.02% higher at 24,143.75, and the Sensex settled 149.85 points or 0.19 higher at 79,105.88.

Intraday, the Nifty 50 index rose 0.24% to 24,196.50, and the Sensex rose 0.35% to 79,228.94.

Lacklustre trade ended marginally higher at 24,143.75. Barring IT and Auto, all other sectors ended the day in red with Metal and Media being the major laggards, said Aditya Gaggar, director, Progressive Shares. Broader markets underperformed the Frontline Index as Mid and Smallcap indices ended the session with a loss of over 0.50%. Nothing has changed i.e. the Index remained in its well-maintained range of 23,970-24,400, awaiting a breakout on either side.

Tata Consultancy Services Ltd., Infosys Ltd., HCL Technologies Ltd., HDFC Bank Ltd., and Bharti Airtel Ltd. added to the benchmark index.

ICICI Bank Ltd., Coal India Ltd., UltraTech Cement Ltd., Oil and Natural Gas Corp, and Divi's Laboratories Ltd. weighed on the benchmark index.

On NSE, nine sectors ended lower, two higher, and one rose out of 12. The NSE Nifty Metal was the worst performing sector, while the NSE Nifty IT was the best performing sector.

Broader indices underperformed. BSE Midcap ended 0.41% lower and BSE Smallcap closed 0.57% down.

Five out of 20 sectoral indices ended higher and 15 declined. BSE Metal fell the most and BSE IT was the top gainer.

Market breadth was skewed in the favour of sellers. As many as 2,391 stocks declined, 1,531 advanced, and 114 remained unchanged on the BSE.

• Mahanagar Telephone Nigam Ltd. approved service pact with BSNL for 10 years.

• The company also approved sale of stake in MTNL STPI IT Services.

• It also approved closure of unit Millennium Telecom.

• It approved sale of Mauritius subsidiary.

Source: Exchange filing

• Shriram Properties Ltd. appointed Ravindra Kumar Pandey as CFO.

Source: Exchange filing