The Nifty IT index climbed over 1 percent, with all 10 constituents trading in the green. However, sectors like oil & gas, auto, and FMCG weighed on the market.

The Nifty 50 closed the session down by 0.38%, settling at 24,548 points, while the Sensex ended with a 0.29% loss at 81,291 points. Broader markets also saw declines, with the Nifty Midcap 100 finishing 0.

Indian equity markets closed lower on Thursday, December 12, after a rangebound session dominated by volatility. Despite a positive handover from Wall Street, domestic benchmarks struggled amid investor caution ahead of India’s retail inflation data,

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session with minor changes. Nifty 50 closed at 24,610.05, while Sensex ended at 81,510.05. Overnight, Wall Street indices ended lower.

The Sensex and Nifty opened flat on Thursday as investors digested the US CPI data and turned their focus to India's CPI data, scheduled for release later in the day. This will provide insights into the Reserve Bank of India's potential rate cut trajectory.