The Indian stock market witnessed a day of minor cuts following a rangebound trading session, as various factors influenced the indices' performance.

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NSE

The Nifty 50 managed to hold onto the 20,100 mark, primarily driven by gains in the automobile and PSU sectors.

On the other hand, the BSE Sensex experienced a decline of 242 points, closing at 67,597, while the Nifty 50 recorded a decrease of 59 points, ending at 20,133 by the closing bell.

The Nifty Bank, registered a slip of 252 points, settling at 45,980. Simultaneously, the Midcap Index saw a decline of 172 points, closing at 40,658.

Financial stocks bore the brunt of selling pressure during the trading session. HDFC emerged as the top loser, primarily influenced by adjustments related to the FTSE index.

Among the Nifty 50 leading losers were Hindalco Industries, Jio Financial, HDFC Bank, Bharti Airtel, and Adani Ports. The top gainers included Titan Company, M&M, BPCL, HDFC Life, and Power Grid Corporation.

In terms of sectoral performance, the PSU Bank index exhibited notable strength with a 3.4 percent increase, while the power, auto, and FMCG indices posted gains ranging from 0.5 to 0.8 percent. In contrast, the realty and metal indices experienced declines of 1 percent each, while the bank, IT, pharma, and pharma sectors recorded marginal losses of 0.5 percent each.

(Will be updated)