Mumbai, May 18: Indian equity benchmarks recovered from intraday losses to end largely unchanged in a volatile trading session, with Information Technology stocks emerging as key gainers.
Both the Sensex and Nifty witnessed sharp fluctuations during the day, reflecting cautious investor sentiment amid mixed global cues and sectoral movements. However, buying interest in select IT counters helped the indices recover from lower levels and limit overall losses.
IT stocks remained in focus, supported by steady demand outlook and positive investor sentiment, even as broader market participation stayed muted. The sector’s performance provided much-needed stability to the benchmarks during intraday volatility.
Market analysts noted that profit booking in select sectors and uncertainty in global cues contributed to the early decline. However, selective recovery in heavyweight stocks helped indices close near the flat line.
Overall, market sentiment remained cautious, with investors closely tracking global economic indicators, corporate earnings trends, and foreign fund flows for further cues.
The trading session highlighted ongoing volatility in domestic equities, while sector-specific strength, particularly in IT, continued to play a key role in market direction.