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Sensex Today: The benchmark equity indices, BSE Sensex and Nifty50, opened on a weak note on Thursday, reflecting mixed global cues.
Stock Market Today
Sensex Today: Benchmark Indian equity indices settled in negative territory on Thursday. The BSE Sensex shed 203.22 points or 0.27 per cent to settle at 75,735.96. The index traded in the range of 75,794.15 -75,463.01 today.
The NSE Nifty50, on the other hand, settled 19.75 points or 0.09 per cent lower at 22,913.15 levels. Nifty50 traded in the range of 22,923.85-22,812.75.
28 out of 50 constituent stocks of Nifty50 settled higher, driven by Shriram Finance, NTPC, Mahindra & Mahindra, Adani Ports, and Bharat Electronics, which ended higher by up to 4 per cent.
HDFC Bank, Maruti Suzuki India, Tech Mahindra, Tata Consumer Products, and HCL Tech were among the 22 constituent stocks of Nifty50 that ended with losses of up to 2.39 per cent on Thursday.
Broader markets outperformed the benchmarks, with small-cap shares leading the charge. The Nifty Smallcap100 index settled with gains of 1.43 per cent. Similarly, the Nifty Midcap100 index ended higher with 1.26 per cent.
Sectoral indices on the NSE settled in a mixed territory, with Nifty Auto, Nifty PSB, Metal, Realty, OMCs, and Media indices settling with gains of over 1 per cent each. On the other hand, Bank Nifty, Nifty Financial Services, IT, Pharma, and Private Bank indices ended in the red with losses extending up to 0.75 per cent.
Views By: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
“Trump’s tariff talks continue to impact markets. Trump’s declaration yesterday that the US will impose 25 per cent tariffs on automobiles, semiconductors and pharmaceuticals impacted India’s pharma stocks since India’s leading pharma companies are major exporters to the US. If this is implemented in early April as Trump declared, it will impact the US, too, through shortages and higher prices. It appears that Trump’s intention is to negotiate and extract concessions before tariffs are imposed. It remains to be seen how this will pan out.
A positive news is the RBI indicating growth recovery in H2 FY25. This bodes well for growth and earnings recovery in FY26. Market will start responding positively to the high frequency data indicating growth recovery. Beaten down midcaps like defence stocks are witnessing some buying.”
Global Market Overview
US stocks closed modestly higher, with the S&P 500 hitting a second consecutive all-time closing high. Investors are closely watching the Federal Reserve’s January policy meeting minutes and President Trump’s tariff proposals. Key concerns about inflation, economic slowdown, and speculation about potential interest rate cuts by the Fed are likely to continue to shape investor sentiment.
