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Stock market today: The benchmark indices Nifty and Sensex remained range-bound and concluded flat on Wednesday amidst high volatility, influenced by heightened geopolitical tensions and selling pressure in Bajaj twins.Continuous foreign fund inflows helped limit market losses.
The NSE Nifty finished slightly lower, dropping 1.75 points or 0.01 per cent to 24,334.20.
The BSE benchmark of 30 shares fell by 46.14 points or 0.06 per cent, closing at 80,242.24. Throughout the session, it fluctuated 646.46 points, reaching a peak of 80,525.61 and a trough of 79,879.15.
“Nifty extended its consolidation for the second consecutive session, closing flat ahead of key US economic data (Q1 GDP) today. Market sentiment remains cautious due to the ongoing India-Pakistan geopolitical concerns,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Among Sensex companies, Bajaj Finserv declined over 5 per cent, whilst Bajaj Finance decreased nearly 5 per cent.
Bajaj Finserv Ltd (BFL) reported a 14 per cent increase in consolidated net profit, reaching Rs 2,417 crore for the quarter ending March 2025.
Bajaj Finance disclosed a 16 per cent rise in standalone net profit, totalling Rs 3,940 crore for the March 2025 quarter.
Other underperformers from the 30-share index included Tata Motors, State Bank of India, UltraTech Cement, Tata Consultancy Services, Tata Steel and Asian Paints.
The positive performers included Maruti, Bharti Airtel, Power Grid, Hindustan Unilever and HDFC Bank.
The BSE smallcap index decreased by 1.74 per cent, whilst the midcap index reduced by 0.72 per cent.
“Benchmark indices closed largely flat for the second straight session on Wednesday in a range-bound market. However, broader mid and smallcap indices closed sharply lower for the day. Markets traded in a narrow range, digesting earnings announcements. There are no clear or strong signals from the macro side to push the markets decisively in either direction. While trade deal optimism persisted, the border situation remained tense,” Satish Chandra Aluri, Analyst, Lemonn Markets Desk, said.
Amongst sectoral indices, industrials fell 1.20 per cent, services declined 1.10 per cent, commodities dropped 0.93 per cent, power decreased 0.89 per cent, utilities reduced 0.88 per cent and financial services lowered 0.72 per cent.
Telecommunication, auto, realty and teck showed positive performance.
In Asian markets, South Korea’s Kospi and Shanghai SSE Composite declined, whilst Tokyo’s Nikkei 225 and Hong Kong’s Hang Seng advanced.
European markets showed positive trends. US markets concluded positively on Tuesday.
Foreign Institutional Investors purchased equities worth Rs 2,385.61 crore on Tuesday, according to exchange data. Global oil benchmark Brent crude reduced by 0.92 per cent to USD 63.66 per barrel.
The BSE benchmark increased by 70.01 points or 0.09 per cent to 80,288.38 on Tuesday. Nifty concluded marginally higher by 7.45 points or 0.03 per cent at 24,335.95. Both indices gained over 1 per cent in Monday’s session.
“The broad market performed well this month, driven by reduced tariff risks, a potential US-India trade deal, and strong FII inflows. However, momentum is being capped by rising tensions between India and Pakistan and muted Q4 results. This negative bias is expected to persist in the near term, but the long-term outlook remains positive due to the minimal financial impact from the conflict. Consequently, any market consolidation is likely to be used as an investment opportunity,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
Trading will be suspended on Thursday for ‘Maharashtra Day’.
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