Business

Indian Stock Market Opens Flat; HDFC Bank And TCS Lead Gains

The Indian stock market opened flat on Wednesday, with buying activity noted in the IT, financial services, FMCG, and metal sectors.

The Sensex began at 80,151.67, down 69.05 points or 0.09%, while the Nifty opened at 24,437.70, slipping 34.40 points or 0.14%.

Market trends appeared mixed. On the National Stock Exchange (NSE), 1,126 stocks were in the green, while 1,170 stocks traded in the red. The Nifty Bank index rose to 51,313.05, gaining 56.50 points or 0.11%. However, the Nifty Midcap 100 index fell to 50,087.10, down 86.95 points or 0.15%. Similarly, the Nifty Smallcap 100 index slipped to 18,021.05, a decline of 39.95 points or 0.22%.

Top gainers in the Sensex included Bajaj Finance, Bajaj Finserv, HDFC Bank, Nestle India, Tech Mahindra, and TCS. In contrast, NTPC, Power Grid, Mahindra & Mahindra, Tata Motors, and SBI were among the top losers.

In the Asian markets, Shanghai and Hong Kong traded in positive territory, while Jakarta, Japan, and Bangkok faced losses. The US stock markets closed lower on the previous trading day.

Also Read: Adani Energy Solutions Reports 172% Surge In Net Profit For Q2 FY25 To Rs 773 crore

Market experts suggest that the trend of large caps outperforming mid and small caps is likely to continue. They noted that foreign institutional investor (FII) selling, alongside domestic institutional investor (DII) buying, is expected to persist.

Looking ahead, market participants are keenly awaiting the outcome of the US presidential elections and its potential impact on global markets.

On Tuesday, Indian markets experienced early buying but could not sustain gains, leading to a negative close for the second consecutive day.

Experts recommend a “sell on rise” strategy, identifying the 24,650 – 24,850 range as a potential selling zone as long as the index remains below 25,000.

Shibra Arshad

Recent Posts

Pakistan’s Digital Frontline: Jokes, Memes And Savage Self-Roasts

While tensions between India and Pakistan escalate post the tragic Pahalgam terror attack, something unexpected…

8 hours ago

Reliance Industries Q4 Net Profit Rises 6.4% As Retail And Digital Units Offset Energy Weakness

Reliance Industries delivered a strong Q4 FY25 performance, with Y-o-Y net profit rising 6.4% to…

8 hours ago

Yash Pratap Singh And Mehak Jaiswal Top UP Board Exams With Outstanding Scores

Yash Pratap Singh of Jalaun tops Class 10 with 97.83%, while Prayagraj’s Mehak Jaiswal secures…

8 hours ago

Yogi Adityanath Calls For Reforms To Make Madrasa Education Modern And Employment-Oriented

Chief Minister Yogi Adityanath on Friday emphasised the need for sweeping reforms in the madrasa…

9 hours ago

Tulsi Gabbard Backs India’s Hunt For Pahalgam Terror Attack Perpetrators

United States Director of National Intelligence (DNI) Tulsi Gabbard on Friday expressed strong support for…

10 hours ago

World Leaders Head To Rome For funeral Of Pope Francis

Indian President Droupadi Murmu will also attend, representing India alongside Union Minister Kiren Rijiju, Minister…

11 hours ago