The Indian stock market experienced major volatility on Wednesday and closed in red after rallying ahead in the session earlier. The BSE Sensex settled at 75,939.18, after slipping nearly 30 points, while the NSE Nifty50 ended trading over 22,900, clocking a marginal fall of 12 points.
On the 30-share Sensex platform, Zomato, L&T, Axis Bank, ICICI Bank, and IndusInd Bank emerged as the gainers in the day. On the other hand, the laggards in the session included TCS, Infosys, Hindustan Unilever, Sun Pharma, and Bharti Airtel.
In the broader markets, the Nifty50 remained the only laggard. On the other hand, the Nifty Microcap 250 index and Nifty Smallcap 100 indices drove the gains and closed 2.37 per cent and 2.36 per cent higher respectively. Sectorally, the Nifty Midsmall Financial Services dominated in green and ended the session 2.16 per cent higher, while the IT index closed 1.30 per cent lower.
Also Read : LIC Launches Smart Pension Plan, Check Features, Eligibility Here
Global Indicators
In Asian markets, Seoul and Shanghai closed trading in the positive territory while Tokyo and Hong Kong ended lower. The European markets traded mostly in red, while the US markets settled higher on Tuesday. The foreign institutional investors (FIIs) turned buyers on Tuesday after consistent selling and bought equities worth Rs 4,786.56 crore, according to exchange data.
Vinod Nair, Head of Research, Geojit Financial Services, said, “The national benchmarks exhibited a range-bound performance with a slight downward bias, though selective buying in the broader market was evident, driven by bargain hunting in beaten-down stocks. A reversal in FII flows also influenced market dynamics; however, the durability of this trend remains uncertain. Despite concerns over potential US tariff impositions and delays in anticipated interest rate cuts, market sentiment remains optimistic about a rebound in India’s Q3 GDP growth.”
Also Read : NetEase Confirms Layoffs At Popular Marvel Rivals Studio; Here’s What We Know So Far
