Indian markets traded cautiously amid global uncertainty surrounding the U.S.-China trade situation. While some sectors like pharma and financials saw gains, IT stocks faced pressure due to trade truce concerns. Experts suggest the market may remain range-bound due to a lack of positive triggers and escalating geopolitical tensions, including rising crude oil prices and potential tariff actions.
From the Sensex pack, HCL Tech, Infosys, Tech Mahindra, Reliance Industries, Bajaj Finserv, ICICI Bank, Tata Motors and Eternal were the lead gainers.
Power Grid, Adani Ports, IndusInd Bank, Nestle, HDFC Bank and Hindustan Unilever were among the laggards.
Benchmark Sensex closed higher by 123 points while Nifty rose for a sixth consecutive day on Wednesday following a rally in global markets amid optimism over US-China trade talks and foreign fund inflows.
Sensex slipped 53.49 points and Nifty remained flat on Tuesday as profit booking in financials offset optimism from U.S.-China talks and RBI support, with selective buying in IT and pharma.
Among Sensex firms, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, Maruti, Reliance Industries, HDFC Bank and Mahindra & Mahindra declined.
Tech Mahindra, Tata Motors, Infosys, HCL Tech, IndusInd Bank and UltraTech Cement were among the gainers.
The benchmark BSE Sensex closed marginally lower on Tuesday, while the broader NSE Nifty 50 ended unchanged, as profit booking in financial stocks outweighed optimism stemming from U.S.-China trade talks and policy support from the Reserve Bank of India.
Sensex, Nifty post modest gains as investors track US-China trade talks. Grasim, Tech Mahindra among top gainers. Sectoral moves mixed; banking stocks under pressure