On the 30-stock Sensex, Asian Paints, ICICI Bank, Power Grid, Larsen & Toubro, and Bajaj Finserv led the gainers, advancing between 1% and 4%.
Asian Paints surged 3.8%, extending a 4% rally from the previous session after the company reported stronger profit driven by growth in its decorative paints segment.
The IT index, which had climbed nearly 5% over the past three sessions, slipped 0.5% as investors booked profits.
Broader markets underperformed, with both the mid-cap and small-cap indices declining about 0.4%.
Expert views
National equities closed flat after a positive session, as profit-booking erased early gains despite optimistic global and domestic cues, said Vinod Nair, Head of Research at Geojit Investments, adding that the sentiment was buoyed by Trump signing a short-term funding bill to end the U.S. government shutdown and hopes of tariff relief for India.
“The record-low October inflation prints reinforced expectations of an RBI rate cut, making rate-sensitive sectors like metals and realty attractive to investors. However, amidst continued outflows from FII and a weak rupee, profit-booking emerged at elevated levels ahead of the Bihar election results, which left the benchmark indices largely unchanged by the close,” said Nair.