The Indian headline indices, Sensex and Nifty, rebound to green. As of the latest update, the Sensex is up 67 points, trading at 76,360.65. Similarly, the Nifty 50 is trading at 23,109.95, up by 34.95 points or 0.15%.
Similarly, sectoral indices also bounced back to green. The Nifty Bank is trading at 49,639, up by 235.60 points or 0.48%. The Nifty Smallcap 50 rose by 30.55 points or 0.39% to 7,776.75, while the Nifty Midcap 100 gained 158 points or 0.38%.
Top gainers and losers
From the Sensex 30 pack, the top 5 gainers in the intra-day trading include Bajaj Finserv (3.01%), UltraTech Cement (2.48%), Tata Steel (2.19%), L&T (1.67%), and Kotak Bank (1.35%). On the flip side, the major losers were M&M, Reliance, ITC, PowerGrid, and Infosys.
The gainers from the Nifty 50 pack include SBI Life, Bajaj Finserv, HDFC Life, Tata Consumer, and Adani Enterprises. M&M, Reliance, Infosys PowerGrid, and Eicher Motors were among the top laggards
The markets took a breather in intraday trade after a sharp bearish trend in the morning session. The Sensex is currently trading at 75,980.37, down 313.23 points or 0.41%, while the Nifty hovers around 22,996.05, declining 75.75 points or 0.33%.
Indian benchmark indices continued their downward slide, with the Sensex dropping 705 points to 75,588.17, while the Nifty slipped 200 points to 22,871.10, as of the latest. Barring the Nifty IT index, all sectoral indices were deep in the red.
Mid and small-cap stocks faced heavy selling pressure, with the Nifty Smallcap 50 tumbling 2.31%, and the Nifty Midcap 100 declining 2.13% in early trade.
The markets continue to bleed in early trading hours, extending their bearish trend. The Sensex slipped 545.09 points or 0.71% to 75,748.51, while the Nifty dropped 156.40 points or 0.68% to 22,915.40.
Indian stock markets opened on a weak note for the sixth consecutive session on Wednesday, with both the Sensex and Nifty slipping into the red amid bearish global cues. The NSE Nifty 50 declined by 28.95 points or 0.13% to 23,042.85, while the BSE Sensex dropped 105.36 points or 0.14% at 76,188.24 the opening bell.
GIFT Nifty had earlier indicated a tepid start for Indian indices, reflecting cautious investor sentiment.
Sectoral Performance
The banking sector saw early pressure, with the Nifty Bank index falling 61.75 points to 49,34.65. The midcap segment also struggled, as the Nifty Midcap 100 lost 238.80 points or 0.47% to 50,649.15.
Similarly, the Nifty Midcap 50 slipped 50.40 points or 0.35%, while the Nifty Smallcap 50 declined 34.15 points to trade at 7,712.05.
“Trump’s tariff tantrums have been impacting the markets for the last several days. Trump moving away from targeting specific countries like Mexico, Canada and to a lesser extent China, and moving to import tariffs on steel and aluminium on all countries, has aggravated the concerns. The European Union’s declaration that they will retaliate with counter tariffs has raised the probability of a full blown trade war. How this will pan out remains to be seen,” said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
“It is important to understand that President Trump, however powerful he might be, cannot manipulate the laws of economics. When higher tariffs raise the inflation in the US and the Fed responds hawkishly, the US stock market will crash. This will restrain Trump. But it will take some time. Meanwhile, the drama and the volatility in the market will continue,” he added.
Market recap: Tuesday’s performance
Indian stock markets ended sharply lower on Tuesday as weak global cues and continuous foreign outflows dampened investor sentiment. The BSE Sensex plunged 1,016.55 points or 1.31%, closing at 76,295.25, while the Nifty50 dropped 309.80 points or 1.32%, settling at 23,016.55. The selling pressure was broad-based, dragging key indices deep into the red.
Gold rate today
The gold price today in India stands at Rs 8,011 per gram for 22 carat gold and Rs 8,739 per gram for 24 carat gold, according to GoodReturns. For buyers opting for 10 grams, the cost of gold today is Rs 80,110 for 22 kt and Rs 87,390 for 24 kt.
Those looking at smaller quantities will find the 1 gram gold rate today at Rs 8,011 for 22 kt and Rs 8,739 for 24 kt, while the 18 carat gold rate today is Rs 6,555 per gram.
Gold prices had soared to Rs 86,000 per 10 grams on Tuesday, marking a fresh peak in the domestic market. On the international front, the World Gold Council reported that global spot gold settled at $2,896 per ounce, with concerns over Trump’s tariffs and economic uncertainty driving the rally.