Indian Benchmark Indices End Seven-Day Winning Streak; Most of the Sectoral Indices Closed in the Red
About 622 stocks are advancing as against 2,303 stocks that are declining, thus indicating a negative market breadth in the broader market.
Market Update at 4:00 PM: Indian stock markets ended their seven-day winning streak on Wednesday, likely due to profit booking after a prolonged rally. The Nifty Small-Cap 250 index closed below the 15,000 mark, while the Nifty Finance index retreated from its recent all-time high.
The Sensex closed 700 points or 0.91 per cent lower at 77,300, while the Nifty 50 closed 180 points or 0.77 per cent lower at 23,486, as investors await clarity on the impending U.S. tariffs. The Nifty Bank closed 398 points lower and settled at 51,209 after touching the 52,000 mark on Tuesday.
On the NSE benchmark index, Nifty 50 recorded a 27.85 crore volume, whereas the last 20-day average volume stands at 32.6 crore.
Broader indices closed lower, where Nifty Mid-Cap slipped by 0.62 per cent, while Nifty Small-cap ended lower by 1.07 per cent. India VIX slipped below 13.5 mark, and was down by 1.4 per cent during the day.
Sixteen out of 17 sectors were trading in the red, with Nifty Auto (+0.02 per cent) with gains, while Nifty Media and Nifty Oil & Gas were in deep red.
Hero Motocorp, Indusind Bank and Trent are among the Top Gainers, while NTPC, Tech Mahindra and Cipla are among the top losing stocks from the Nifty 50.
About 622 stocks are advancing as against 2,303 stocks that are declining, thus indicating a negative market breadth in the broader market.
Market Update at 2:30 PM: In the current trading session, the benchmark indices were seen losing their midday day gains, with the Sensex tumbling by 0.8 per cent, while Nifty slipped by 0.46 per cent, as the market is currently witnessing some profit booking after the recent gains.
On March 25, small and midcap stocks saw a sharp decline, dragging broader market indices into negative territory. Investors are waiting for clarity on U.S. tariffs next week; President Trump indicated not all tariffs to be imposed on April 2, 2025. The Nifty Small-cap index declined by almost 0.52 per cent, while the Nifty Mid-cap index was down over 0.18 per cent during mid-day trade.
Meanwhile, the India VIX was trading near the 13.5 mark and almost remained flat.
Three out of 17 sectors were trading in the green, with Nifty Auto (+0.69 per cent) and Nifty FMCG (+0.09 per cent) leading the gains and emerging as the top-performing sectors.
Mahindra & Mahindra, Indusind Bank and Trent are among the top gainers, while NTPC, Tech Mahindra and Axis Bank are among the top losing stocks from the Nifty 50.
About 733 stocks are advancing as against 2,060 stocks that are declining, thus indicating a negative market breadth in the broader market.
Market Update at 12:15 PM: Indian benchmark indices, which started the session on a positive note, struggled to hold onto their early gains as investors took a breather after a recent rally and awaited clarity on impending U.S. tariffs.
By midday, the Nifty 50 was trading with minor losses, down 80 points from its previous close, trading above the 23,500 mark with a loss of 0.34 per cent. Similarly, the Sensex trading is trading lower with a loss of 200 points or 0.26 per cent. The Bank Nifty also struggled to hold the early gain, and now it is down by 0.32 per cent. Meanwhile, the India VIX was trading above the 13.5 mark, up by 0.5 per cent, indicating increased volatility in the Indian market.
By midday, the top gaining stocks that are holding Nifty 50 at the current level are Mahindra & Mahindra (+6.5 pts), Trent (+3.12 pts) and Indusind Bank (+3.3 pts). On the other hand, Reliance Industries (-14.30 pts), Infosys (-11.5 pts) and Axis Bank (-10.85 pts) were dragging the index down.
On Monday, the U.S. administration indicated that not all the tariffs will be imposed on April 2 but there was no clarity on the countries and sectors that may be spared.
On Wednesday, overall market breadth remained weak, as 845 stocks advanced while 1,840 declined. Both the Nifty Mid-cap 100 and Nifty Small-cap 100 indices were traded mixed where it was up by 0.06 per cent and was down 0.34 per cent, respectively.
On the sectoral front, 7 out of 17 sectors recorded gains, with Nifty 50 Auto rising 0.5 per cent. , while Nifty Media (-1.5 per cent) and Nifty Healthcare (-0.88 per cent) were emerging as the top-losing sectors.
Market Update at 10:25 AM: India's benchmark indices started Wednesday on a positive note The BSE Sensex hovered around 77,980, while the NSE Nifty 50 remained steady at 23,671, following seven consecutive sessions of gains. Investors stayed cautious, awaiting further clarity on upcoming U.S. tariffs.
On the sectoral front, 13 out of 17 sectors recorded gains, with Metal and Energy stocks rising 0.5 per cent.
In the last seven sessions, the two benchmarks added 5.7 per cent, turning positive for year-to-date, as foreign capital inflows and hopes of improved domestic macroeconomic factors drove bargain buying.
Broader markets saw modest gains, with small-cap and mid-cap indices increasing around 0.4 per cent and 0.1 per cent, respectively.
In today’s trade, India VIX is trading around the 13.5 mark, down by 1 per cent, indicating a decrease in market volatility.
U.S. President Donald Trump has warned of imposing reciprocal tariffs on all nations starting April 2. However, on Monday, the administration stated that not all tariffs would take effect on that date. Additionally, there is uncertainty regarding which countries and sectors might receive exemptions.
About 1,319 stocks are advancing against 1,359 declining stocks, thus indicating a neutral sentiment in the broader market.
Pre-Market Update at 7:30 AM: Indian equity benchmark indices, Sensex and Nifty 50, are likely to have a positive opening on Wednesday, taking cues from a global market. Asian markets traded in the green, while Wall Street modest gains gains, with the S&P 500 closing at its highest level in more than two weeks.
Gift Nifty hovered around the 23,750 mark, reflecting a premium of approximately 80 points over the previous close of Nifty futures. This suggests a potential positive opening for Indian stock market indices.
U.S. stock futures saw a slight uptick as markets aimed to extend Monday’s rally, even as investors weighed the impact of President Donald Trump’s recent tariff threats. The S&P 500 rose 0.2 per cent, the Dow Jones Industrial Average added 0.1 per cent, and the Nasdaq Composite climbed 0.2 per cent.
U.S. President Donald Trump's policy of reciprocal tariffs is adding to market uncertainty. Although he might ease some of the broader tariffs initially set for India, new concerns have arisen. One such threat is a proposed 25 per cent "secondary tariff" on nations like India and China that import oil from Venezuela.
Asian markets opened with modest gains on Wednesday as investors assessed the impact of weaker U.S. consumer confidence and a late rebound in Wall Street. Stocks in Sydney and Tokyo inched higher, while Hong Kong futures indicated slight gains. The S&P 500 added 0.2 per cent on Tuesday, extending its longest winning streak in nearly seven weeks, despite fluctuating throughout the session amid a dip in consumer confidence.
Brent crude slipped 0.07 per cent to USD 73.32 per barrel following a 0.27 per cent rise last week, while US WTI crude futures edged up 0.48 per cent to USD 69.19.
The dollar index, which measures the U.S. currency against a group of major peers, eased by 0.1 per cent to 103.85 after earlier touching a three-week peak of 104.46. Its recent strength was driven by expectations of new tariffs, while USD/INR was trading at 85.60.
On Tuesday, the Indian stock market navigated a highly volatile session and managed to close with modest gains, marking its seventh consecutive day of advances. The Sensex inched up by 32.81 points (0.04 per cent) to settle at 78,017.19, while the Nifty 50 edged higher by 10.30 points (0.04 per cent) to end at 23,668.65.
On March 25, 2025, foreign institutional investors (FII) bought shares worth Rs 5,371.57 crore, while domestic institutional investors (DII) sold shares worth Rs 2,768.87 crore.
Stocks that are banned for trading in the F&O segment on March 26, 2025, is Indusind Bank Ltd only.
Disclaimer: The article is for informational purposes only and not investment advice.