Sensex Ends 32 Points Higher, Nifty Holds 23,650; Zomato Falls 6%, IndusInd Bank 5%
Indian benchmark equity indices BSE Sensex and Nifty50 climbed on Tuesday, supported by improving global cues
Sensex Today: Benchmark Indian equity indices pared early gains but managed to close in the green for the seventh consecutive session on Tuesday. After reaching an intra-day high of 78,741.69, the 30-share BSE Sensex retreated to end at 78,017.19, up just 32.81 points or 0.04% from its previous close.
The NSE Nifty50 also settled flat at 23,668.65, gaining a marginal 10.30 points or 0.04%. Throughout the session, the index fluctuated within a range of 23,869.60 to 23,627.55.
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In the broader market, both the Nifty Midcap100 and Nifty Smallcap100 indices snapped their five-day winning streaks, each declining by over 1%.
Among sectoral indices, the Nifty IT index was the sole gainer, while all other sectors closed in the red, with losses extending up to 2.16%.
Global Cues
Markets across the Asia-Pacific region showed a mixed trend on Tuesday, even as Wall Street ended higher overnight on hopes that U.S. tariff measures might be less severe than anticipated. Australia’s S&P/ASX 200 rose 0.39%, while Japan’s Nikkei 225 gained 0.72%, with the broader Topix up 0.29%. South Korea’s Kospi edged up 0.16%, while the small-cap Kosdaq declined 0.36%. Meanwhile, China’s CSI 300 dipped 0.29%, and Hong Kong’s Hang Seng dropped 1.59%.
The three major US indices posted strong gains overnight. The Dow Jones Industrial Average surged 597.97 points, or 1.42%, to close at 42,583.32. The S&P 500 advanced 1.76%, settling at 5,767.57, while the Nasdaq Composite, driven by tech stocks, jumped 2.27% to finish at 18,188.59. Overall, improving global cues and hopes for a softer US trade policy provided a positive backdrop for equity markets.
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