The Indian stock market ended higher on Wednesday, rebounding from early losses, amid heightened geopolitical tensions following India’s strikes on Pakistan and Pakistan-occupied Kashmir (PoK) under Operation Sindoor, launched in retaliation for last month’s attack in Kashmir.
The benchmark BSE Sensex added 105.71 points or 0.13% to close at 80,746.78, while the broader Nifty 50 index closed at 24,414.40, higher by 34.80 points or 0.14%.
Here's how analysts read the market pulse:
Indian equity markets exhibited strong resilience amid recent Indo-Pak border tensions, the measured market response indicated that geopolitical risks were largely priced in and expectations of de-escalation is prevailing among investors, said Vinod Nair, Head of Research, Geojit Investments.
"At the same time, the progress on the India–UK FTA further buoyed investor optimism, driving gains in key sectors such as textiles, automobiles, and information technology. Globally, investor sentiment has improved as the United States and China signal a willingness to resume trade negotiations," said Nair.
Meanwhile, China’s recent interest rate cut contributed to a broadly positive tone across Asian markets, Nair said, adding that market focus will shift to FOMC meeting, "though rate cut appears unlikely, but FED comments will be keenly watched."
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US markets
Stocks wavered on Wall Street Wednesday as China steps up measures to shore up its economy and gears up for trade talks with the U.S.
Most stocks in the S&P 500 gained ground, but a drop for technology stocks with outsized values and influence on the market's direction kept those gains in check. Google fell 3.8% and Apple fell 1.8%.
The Walt Disney Co. soared 10.8% after easily beating analysts’ profit targets, raising its profit forecast and adding more than a million streaming subscribers.
The encouraging update from the entertainment giant comes amid broader worries that tariffs will potentially sap consumer spending and hurt a wide range of companies, especially those focusing on discretionary items such as entertainment and travel.
An unpredictable trade policy by President Donald Trump has prompted many companies to cut or withdraw financial forecasts for the year.
European stocks
European shares ended lower on Wednesday, pausing after weeks of strong gains, while investors monitored a raft of corporate earnings ahead of the U.S. Federal Reserve's rate decision later in the day.
The pan-European STOXX 600 index closed 0.5% lower, while other regional indexes also ended their day in the red.
European retail stocks led sectoral losses with a 2% fall. Data showed a more-than-expected decline in eurozone retail sales on a month-on-month basis in March.
Healthcare shares fell 1.8%. Shares of drugmakers AstraZeneca, GSK and Sanofi fell between 1.8% and 4.3% after the U.S. FDA appointed on Tuesday agency critic Vinay Prasad as its top vaccine official.
Tech View
The Nifty continues to consolidate within a narrow range, having failed to move past the 61.80% retracement level of the previous decline from the all-time high of 26,277 to the recent low of 21,743, said Rupak De, Senior Technical Analyst at LKP Securities, adding that this consolidation may persist in the near term, as the “index appears to be in no hurry to make a decisive move beyond the 24,000–24,550 range.”
“A decisive breakout above 24,550 could potentially trigger a rally toward higher levels. On the downside, immediate support is placed at 24,200; a break below this level may extend the correction toward 24,000," said De.
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Most active stocks in terms of turnover
BSE (Rs 7,269 crore), Mazagon Dock Shipbuilders (Rs 2,713 crore), HDFC Bank (Rs 2,078 crore), Tata Motors (Rs 2,047 crore), Reliance Industries Ltd (Rs 1,899 crore), ICICI Bank (Rs 1,500 crore) and Welspun India (Rs 1,491 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 40.44 crore), YES Bank (Traded shares: 14.07 crore), Welspun India (Traded shares: 11.06 crore), Suzlon Energy (Traded shares: 10.08 crore), PNB (Traded shares: 8.95 crore), IDFC First Bank (Traded shares: 5.83 crore) and Reliance Power (Traded shares: 4.26 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Welspun India, CCL Products, Endurance Technologies, KPR Mill, Piramal Enterprises, Paytm and IIFL Finance were among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 61 stocks hit their 52 week highs today while 138 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Bharti Airtel.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Vishal Mega Mart, Mazagon Dock Shipbuilders, Bharat Dynamics, Swiggy, Adani Transmission, Radico Khaitan and Bombay Burmah Trading Corp.
Sentiment meter neutral
The market sentiments were neutral. Out of the 4,046 stocks that traded on the BSE on Wednesday, 1,800 stocks witnessed declines, 2,099 saw advances, while 147 stocks remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The benchmark BSE Sensex added 105.71 points or 0.13% to close at 80,746.78, while the broader Nifty 50 index closed at 24,414.40, higher by 34.80 points or 0.14%.
Here's how analysts read the market pulse:
Indian equity markets exhibited strong resilience amid recent Indo-Pak border tensions, the measured market response indicated that geopolitical risks were largely priced in and expectations of de-escalation is prevailing among investors, said Vinod Nair, Head of Research, Geojit Investments.
"At the same time, the progress on the India–UK FTA further buoyed investor optimism, driving gains in key sectors such as textiles, automobiles, and information technology. Globally, investor sentiment has improved as the United States and China signal a willingness to resume trade negotiations," said Nair.
Meanwhile, China’s recent interest rate cut contributed to a broadly positive tone across Asian markets, Nair said, adding that market focus will shift to FOMC meeting, "though rate cut appears unlikely, but FED comments will be keenly watched."
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
US markets
Stocks wavered on Wall Street Wednesday as China steps up measures to shore up its economy and gears up for trade talks with the U.S.
Most stocks in the S&P 500 gained ground, but a drop for technology stocks with outsized values and influence on the market's direction kept those gains in check. Google fell 3.8% and Apple fell 1.8%.
The Walt Disney Co. soared 10.8% after easily beating analysts’ profit targets, raising its profit forecast and adding more than a million streaming subscribers.
The encouraging update from the entertainment giant comes amid broader worries that tariffs will potentially sap consumer spending and hurt a wide range of companies, especially those focusing on discretionary items such as entertainment and travel.
An unpredictable trade policy by President Donald Trump has prompted many companies to cut or withdraw financial forecasts for the year.
European stocks
European shares ended lower on Wednesday, pausing after weeks of strong gains, while investors monitored a raft of corporate earnings ahead of the U.S. Federal Reserve's rate decision later in the day.
The pan-European STOXX 600 index closed 0.5% lower, while other regional indexes also ended their day in the red.
European retail stocks led sectoral losses with a 2% fall. Data showed a more-than-expected decline in eurozone retail sales on a month-on-month basis in March.
Healthcare shares fell 1.8%. Shares of drugmakers AstraZeneca, GSK and Sanofi fell between 1.8% and 4.3% after the U.S. FDA appointed on Tuesday agency critic Vinay Prasad as its top vaccine official.
Tech View
The Nifty continues to consolidate within a narrow range, having failed to move past the 61.80% retracement level of the previous decline from the all-time high of 26,277 to the recent low of 21,743, said Rupak De, Senior Technical Analyst at LKP Securities, adding that this consolidation may persist in the near term, as the “index appears to be in no hurry to make a decisive move beyond the 24,000–24,550 range.”
“A decisive breakout above 24,550 could potentially trigger a rally toward higher levels. On the downside, immediate support is placed at 24,200; a break below this level may extend the correction toward 24,000," said De.
Also read | Explained: Why banks are flying gold worth billions from London to New York amid Trump tariff fears
Most active stocks in terms of turnover
BSE (Rs 7,269 crore), Mazagon Dock Shipbuilders (Rs 2,713 crore), HDFC Bank (Rs 2,078 crore), Tata Motors (Rs 2,047 crore), Reliance Industries Ltd (Rs 1,899 crore), ICICI Bank (Rs 1,500 crore) and Welspun India (Rs 1,491 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 40.44 crore), YES Bank (Traded shares: 14.07 crore), Welspun India (Traded shares: 11.06 crore), Suzlon Energy (Traded shares: 10.08 crore), PNB (Traded shares: 8.95 crore), IDFC First Bank (Traded shares: 5.83 crore) and Reliance Power (Traded shares: 4.26 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Welspun India, CCL Products, Endurance Technologies, KPR Mill, Piramal Enterprises, Paytm and IIFL Finance were among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 61 stocks hit their 52 week highs today while 138 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Bharti Airtel.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Vishal Mega Mart, Mazagon Dock Shipbuilders, Bharat Dynamics, Swiggy, Adani Transmission, Radico Khaitan and Bombay Burmah Trading Corp.
Sentiment meter neutral
The market sentiments were neutral. Out of the 4,046 stocks that traded on the BSE on Wednesday, 1,800 stocks witnessed declines, 2,099 saw advances, while 147 stocks remained unchanged.
Also read | Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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