Mumbai, Aug 14: The Indian stock market concluded the trading session on a stable note on Thursday, reflecting a cautious sentiment among investors as they awaited the significant meeting between US President Donald Trump and Russian President Vladimir Putin, set for August 15.

The Sensex finished at 80,597.66, marking an increase of 57 points or 0.07 percent. The 30-share index opened slightly higher at 80,625.28 compared to the previous close of 80,539.91, maintaining the momentum from the prior day. Throughout the session, the index fluctuated, reaching an intra-day peak of 80,751.18 and a low of 80,489.86, amid mixed investor sentiment.

The Nifty index closed at 24,631.30, up by 11.95 points or 0.05 percent.

Vinod Nair, Head of Research at Geojit Investments Limited, noted, "Following a volatile weekly expiry session, Indian equities ended flat as investors adopted a cautious stance ahead of the US-Russia summit. IT and pharmaceutical stocks saw gains due to softer US inflation data and a dovish outlook. Additionally, banking and consumer durables rose on optimism regarding a consumption-driven recovery."

Conversely, the metals and energy sectors experienced declines due to falling commodity prices and concerns over oversupply. The recent upgrade of India's credit rating by S&P, along with a stable outlook citing strong policy continuity and infrastructure-led growth, is expected to bolster the domestic market. Nair anticipates that the market will likely trade within a narrow range with a mixed bias, particularly in light of upcoming geopolitical events.

Among the top gainers in the Sensex, companies like Eternal, Infosys, Asian Paints, HDFC Bank, Bajaj FinServ, Titan, and Maruti Suzuki performed well. In contrast, Tata Steel, Tech Mahindra, BEL, Ultratech Cement, Hindustan Unilever, and HCL Tech were among the notable losers.

Sectoral indices displayed a mixed performance, with some sectors closing in the green while others ended negatively. The Nifty Financial Services rose by 95 points, Nifty Bank increased by 160 points, and Nifty IT gained 140 points, while Nifty FMCG fell by 353 points and Nifty Auto closed lower.

The broader indices mirrored this trend, with Nifty Next 50 down by 110 points or 0.17 percent, Nifty 100 remaining flat, Nifty Midcap 100 declining by 177 points or 0.31 percent, and Nifty Small Cap 100 closing down by 66 points or 0.38 percent.

The rupee settled at 87.54, down by 0.10 paise or 0.10 percent, reflecting range-bound movements in the dollar index at 97.83.

Jateen Trivedi from LKP Securities commented, "Markets are closely monitoring the upcoming meeting between President Trump and President Putin regarding potential peace discussions on the Russia-Ukraine conflict. The rupee is anticipated to trade within the 87.25–88.00 range."