On August 12, Nifty and Sensex ended mostly unchanged, giving up earlier gains. FMCG and PSU bank stocks faced pressure, which dampened the afternoon’s strong momentum.

At 3:30 PM, Sensex closed down 56.99 points (0.07%) at 79,648.92, and Nifty was down 20.50 points (0.08%) at 24,347.00. Advancing shares numbered 1,763, declining shares 1,810, and unchanged shares 84.

The mid-cap and small-cap indices showed strong performance, rising to 0.5% each. Despite valuation concerns, they have outpaced the Nifty this year. The India VIX index rose over 3% to about 16.

Adani stocks were in focus after Hindenburg alleged that the SEBI chief has a stake in offshore entities linked to Gautam Adani’s business empire. Adani Wilmar and Adani Total Gas fell by 4%, while Adani Enterprises closed over 1% lower.

The Nifty PSU Bank index was the biggest loser, dropping over 1% due to SBI, Canara Bank, and Union Bank declines. The FMCG and Energy indices also fell nearly 1% each, while the Nifty Metal and Realty indices rose 0.8% and 1.2%, respectively.

Railway stocks gained after the Cabinet approved Rs 24,657 crore in projects, with RVNL up 11%. Inox Wind surged 20% on strong Q1 results, and CE Info rose over 4% due to a positive outlook.

Natco Pharma, Jubilant Foodworks, and Voltas each gained up to 10% from strong Q1 earnings. Amara Raja Batteries rose 6% after an MoU with Piaggio Group’s Indian arm. Suzlon Energy ended 5% higher, hitting the upper circuit for the fourth day.

Major Nifty gainers included Hero MotoCorp, Axis Bank, ONGC, Infosys, and JSW Steel. The losers were NTPC, Britannia Industries, Adani Ports, SBI, and Dr Reddy’s Labs.

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