New Delhi, Sept. 4 -- The Indian stock market closed Thursday's session with minor gains as early optimism from GST rate cuts, which lifted auto and consumer durable stocks, faded by the close. Selling pressure in banking and technology counters also weighed on frontline indices, erasing most of the early gains.

The Nifty 50 ended 0.09% higher at 24,737, while the Sensex rose 0.19% to 80,718 points. The broader market, however, closed with steep losses, with the Nifty Midcap 100 and Nifty Smallcap 100 slipping over 0.65% each.

Sector-wise, Nifty Auto emerged as the top gainer, ending 0.80% higher, followed by Nifty FMCG and Nifty Consumer Durables, which added 0.23% and 0.10%, respectively. On the losing side, the Nifty PSU Bank index w...