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The benchmark indices, Sensex and Nifty, are expected to be guided today by a mix of domestic and global factors
Stock market updates
Sensex Today: Indian benchmark indices, Sensex and Nifty, ended lower but managed to recover from intraday lows on Tuesday, supported by gains in auto and private bank stocks.
The Sensex touched a low of 81,237 during the session before closing at 81,444.66, down 138.64 points or 0.17%. The Nifty50 slipped 41.35 points or 0.17% to settle at 24,812.05.
Broader markets remained under pressure, with the Nifty Midcap100 and Nifty Smallcap100 indices declining 0.46% and 0.23%, respectively.
Sectorally, Nifty Media was the worst performer, falling 1.27%, followed by losses in IT, Metal, Oil & Gas, Realty, Energy, PSU Bank, and FMCG indices. However, Nifty Consumer Durables, Auto, and Bank indices closed in the green.
Among the Sensex components, 20 out of 30 stocks ended in the red. TCS, Adani Ports, Hindustan Unilever, Nestle India, Bajaj Finserv, and NTPC fell up to 1.6%. On the gaining side, IndusInd Bank, Titan, Mahindra & Mahindra, Maruti Suzuki, Asian Paints, and Bharti Airtel rose up to 4.4%.
Meanwhile, India VIX, the volatility index, slipped 0.89% to settle at 14.27, indicating a slight easing in market uncertainty.
Global Cues
Asia-Pacific markets showed a mixed trend on Wednesday, largely due to rising geopolitical tensions in the Middle East. Investor sentiment took a hit after reports suggested that US President Donald Trump may consider a military strike on Iran. Trump also posted a call for Iran’s “Unconditional Surrender” on Truth Social, stoking fears of further US involvement in the Israel-Iran conflict.
Among key indices, Japan’s Nikkei recovered to trade 0.14 per cent higher after an initial dip, while the broader Topix rose 0.15 per cent. South Korea’s Kospi also gained 0.46 per cent. However, Australia’s ASX200 slipped 0.2 per cent, bucking the broader regional trend.
Japan’s exports fell 1.7 per cent year-on-year in May, a smaller decline than the anticipated 3.8 per cent, suggesting global trade pressures persist. The Bank of Japan warned of potential moderation in economic growth due to waning overseas demand and declining corporate profits. Still, the central bank held its key short-term interest rate steady at 0.5 per cent in its June meeting, aligning with market expectations and maintaining the highest level since 2008.
In the US, stock futures were slightly lower ahead of the Federal Reserve’s highly anticipated policy announcement. Wall Street closed lower on Tuesday, with the Dow Jones falling 0.70 per cent, the S&P 500 losing 0.84 per cent, and the Nasdaq Composite declining 0.91 per cent.
Additionally, market participants will be closely watching US weekly jobless claims, and inflation data from the Eurozone and the UK for May, as they could further shape investor expectations around global monetary policy.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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