Indian markets ended Thursday on a flat note as early gains faded amid weakness in oil-linked and heavyweight stocks, even as IT counters offered some support. The Sensex and Nifty erased most of their intraday advances, mirroring cautious global sentiment ahead of key macro triggers.

The day also saw a flurry of developments across policy, corporate and political fronts. Industry experts downplayed the impact of fresh US sanctions on Russian oil majors, saying Indian refiners are unlikely to face major supply disruptions. Trade analysts warned that India may have limited negotiating room in its ongoing trade talks with the United States.

On the corporate side, Hindustan Unilever’s September-quarter results drew attention, with CEO Priya Nair stressing an “obsession” with volume-led grow

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