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Sensex Today: India’s benchmark indices — Sensex and Nifty50 — are expected to open on a cautious note on Wednesday
Sensex Today (Source: Freepik)
Sensex Today: Indian benchmark indices closed lower on Wednesday after a volatile trading session. The BSE Sensex declined by 239.31 points or 0.29% to settle at 81,312.32, fluctuating between an intraday high of 81,613.36 and a low of 81,244.02.
The NSE Nifty50 mirrored the trend, ending the day down by 73.75 points or 0.30% at 24,752.45, after oscillating between 24,864.25 and 24,737.05 during the session.
Among broader indices, the Nifty Midcap100 edged down slightly by 0.02%, while the Nifty Smallcap100 managed to gain 0.33%. On the sectoral front, FMCG stocks came under selling pressure, making the Nifty FMCG index the worst performer with a 1.49% drop.
Shares of ITC fell 1.17% following a significant block deal, as British American Tobacco plc (BAT) offloaded a 2.5% stake in the company, effectively giving up its veto rights in the Indian conglomerate.
Global Cues
Asian markets opened higher, tracking strong overnight gains on Wall Street. The positive sentiment was buoyed by Trump’s move to postpone the imposition of a 50% tariff on EU imports until July 9 — a decision that helped ease global trade tensions.
Last checked, Nikkei rose 0.69 per cent, while the broader Topix index gained 0.47 per cent. Kospi climbed 1.42 per cent, ASX 200 edged up 0.4 per cent.
Investors will be closely watching out for Australia’s upcoming consumer price index report, along with the Reserve Bank of New Zealand’s scheduled monetary policy statement.
Meanwhile, US futures were little changed ahead of key earnings from Nvidia and the release of minutes from the Federal Reserve’s May policy meeting, both expected Wednesday afternoon US time.
Overnight in the US, all three major indexes closed firmly higher. The Dow Jones jumped 1.78 per cent. The S&P 500 advanced 2.05 per cent, and the Nasdaq Composite surged 2.47 per cent, with tech stocks like Tesla posting strong gains. The rally snapped a four-day losing streak for the Dow and S&P 500.
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