Indian Stock Market Flat Near Record Highs: Metals Gain, IT Dips Amid Consolidation

Indian benchmark indices Sensex and Nifty are trading flat near record highs around 85,500–85,600 and 26,150–26,200 respectively, in a low-volume year-end consolidation phase amid subdued volatility and sector rotation. Metals like Hindustan Copper and Hindustan Zinc lead gains on global commodity strength, while IT heavyweights such as Infosys and TCS face profit booking alongside select pharma stocks; banking remains resilient near 59,300 with DII buying offsetting FPI outflows.​

Coal India draws attention on subsidiary Bharat Coking Coal’s potential ₹1,300 crore IPO, with active trading in Adani Ports, Reliance, and others; India VIX stays low signaling complacency. Nifty support holds at 26,100–26,000 with resistance at 26,250–26,300—analysts see upward bias intact for selective trades in metals and financials if levels hold.