Business

Sensex Closes In Green During Volatile Trade; Nifty Ends At 24,336

Domestic equity benchmark indices closed flat on Tuesday after a volatile trading session, driven by stock-specific activity and global uncertainties.

The Sensex opened with a gain of nearly 180 points at 80,396 and touched an intra-day high of 80,661. It then reversed gains, falling to 80,122—down 539 points from the day’s high.

Despite the fall, the Sensex recovered to close 70 points, or 0.1 per cent, higher at 80,288.

The Nifty followed a similar pattern. It opened at 24,370 and climbed to a high of 24,457. However, selling pressure at higher levels pulled it down to a low of 24,290.

The index ended with a marginal gain of seven points at 24,336.

Investors stayed cautious amid geopolitical tensions and uncertainty over US President Donald Trump’s proposed tariffs, said Sundar Kewat of Ashika Institutional Equity.

He noted that market players were also tracking corporate earnings and key US economic data to evaluate the broader impact of trade measures.

Tech Mahindra, Eternal (formerly Zomato), HCL Technologies, Bajaj Finserv, Infosys, and TCS gained 1 to 2 per cent. UltraTech Cement and Sun Pharma dropped 2 per cent each. Kotak Mahindra Bank, NTPC, SBI, and Nestle India also ended lower.

The BSE MidCap index rose by 0.2 per cent, while the SmallCap index edged up by 0.1 per cent.

Among sectors, BSE IT and Capital Goods gained 1 per cent each. The Metal index fell by 1 per cent. Power and Bankex declined by 0.5 per cent each.

Hrishikesh Yedve of Asit C Mehta Investment Intermediates said the Nifty formed a shooting star candle on the daily chart, showing selling pressure at higher levels. He added that 24,460 remains a short-term hurdle.

A close above this may trigger a rally towards 24,800–24,850. Key support levels lie at 24,050 and 23,850.

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Ajaypal Choudhary

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