Indian markets traded flat with Nifty below 26,200 and Sensex below 85,500, influenced by global cues. However, individual stocks showed significant movement. Mahindra & Mahindra gained over 1% on ambitious revenue projections. Hindalco Industries fell over 2% due to a fire at its Novelis plant in New York. JSW Energy and JP Power reacted to acquisition news, while Capillary Technologies saw a weak debut. Sammaan Capital rebounded after Supreme Court clarification.