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Top Stock Market Update: Sensex Flat as Year-End Caution Weighs, Cement Stocks Buck Trend
Indian markets traded flat as FII selling and IT weakness offset gains in cement stocks following Ambuja Cements’ merger announcement, keeping sentiment cautious ahead of year-end.
Indian equity benchmarks traded with mild losses on Tuesday as the Sensex and Nifty 50 slipped from recent highs amid renewed foreign investor selling and a lack of fresh triggers before year end. IT majors like Infosys and financial heavyweight ICICI Bank emerged as key drags. Market breadth remained muted, reflecting cautious positioning. In contrast, cement stocks outperformed sharply after Ambuja Cements, part of the Adani Group, approved the merger of ACC and Orient Cement, triggering rallies of up to 10% in select names.