Mumbai, July 16 -- The domestic benchmark indices ended on a flat note on Thursday as investors remained cautious amid the escalating US-Iran conflict, which intensified concerns over potential impact on inflation. Market sentiment was also influenced by stock-specific action as participants reacted to the ongoing Q1 FY27 earnings season. Nifty settled below 24,100 level. Investors remained on the sidelines ahead of Reliance Industries' June-quarter results, scheduled to be announced after market hours on Friday.

Going ahead, investors will closely monitor further developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season and the progress of the southwest monsoon for cues on the market's near-ter...