Stock market today:
Nifty50 and
BSE Sensex finished in positive territory on Wednesday after giving up most of their strong intraday gains as investors booked profits.
Following a choppy trading session, the 30-share BSE Sensex closed up by 50.15 points, or 0.06 per cent, at 82,276.07. Earlier in the day, it had surged as much as 731.99 points, or 0.89 per cent, reaching 82,957.91.
The 50-share NSE Nifty also ended higher, gaining 57.85 points, or 0.23 per cent, to settle at 25,482.50.
Among Sensex constituents, HCL Tech, Tata Steel, Tata Consultancy Services, InterGlobe Aviation, Sun Pharma, Mahindra & Mahindra, Maruti Suzuki and Tech Mahindra were the major contributors to the gains. On the other hand, Reliance Industries, State Bank of India, Adani Ports and Eternal were among the stocks that declined.
Across Asian markets, South Korea’s Kospi, China’s SSE Composite, Japan’s Nikkei 225 and Hong Kong’s Hang Seng all recorded strong gains. European markets were also trading higher, while U.S. equities had ended Tuesday’s session in the green.
Ponmudi R, CEO of Enrich Money, an online trading and wealth technology firm, said Indian equities closed on a cautious note after a volatile trading day. He noted that although the benchmarks opened on a positive footing, early gains gradually diminished as investors chose to lock in profits at elevated levels.
He added that overall market sentiment remained restrained, with investors avoiding aggressive bets due to the lack of strong domestic triggers and mixed signals from global markets.
Vinod Nair, Head of Research at Geojit Investments Limited, said domestic markets began the session with a gap-up opening, supported by encouraging global cues and a recovery in U.S. technology stocks as concerns related to artificial intelligence eased. He added that dovish signals from the Bank of Japan also supported sentiment across Asian markets.
However, he said the early momentum weakened later in the session after fresh tariff-related remarks by the US President revived global trade worries, which restricted gains and coincided with a weakening rupee.
Brent crude, the global oil benchmark, slipped 0.14 per cent to $70.67 per barrel.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)The TOI Business Desk is a vigilant and dedicated team of journal...
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