The Sensex closed marginally lower, down by 77.26 points at 81,373.75, while the Nifty50 ended down 34.10 points at 24,716.60. The markets saw an early sharp fall but recovered somewhat before closing slightly below previous levels.
Vinod Nair from Geojit highlighted that the market is in a consolidation phase for the third week running, influenced by ongoing worries about a potential tariff war and geopolitical tensions between Russia and Ukraine. Despite this, India’s markets showed resilience, thanks to strong institutional inflows and strength in select sectors like FMCG, real estate, and financials.
Top Gainers:
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Adani Ports & SEZ: +2.51%
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Mahindra & Mahindra: +1.58%
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PowerGrid Corporation: +1.07%
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Eternal: +1.07%
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Hindustan Unilever: +0.96%
Top Losers:
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Tech Mahindra: -1.47%
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Tata Steel: -1.21%
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Tata Motors: -1.12%
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Titan Company: -0.80%
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HDFC Bank: -0.60%
Sectoral Performance:
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Nifty PSU Bank led with a rally of 2.15%
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Nifty Realty also strong, up 2.31%
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Other positive sectors:FMCG (+0.81%), Metal (+0.70%), Private Bank (+0.34%), Media (+0.32%), Healthcare (+0.12%), Auto (+0.01%)
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Under pressure:IT (-0.70%), Consumer Durables (-0.48%), Pharma (-0.22%), Oil & Gas (-0.21%), Financial Services (-0.11%)
Additional Notes:
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The Nifty Midcap100 rose by 0.62%, and Nifty Smallcap outperformed with a 1.19% gain.
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The India VIX, a gauge of market volatility, jumped 6.71%, signaling higher uncertainty.
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Supportive factors include hopes for an RBI rate cut, a better monsoon, strong Q4 GDP data, and improved GST collections.
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Investors are currently cautious, favoring domestically oriented and interest-sensitive sectors.
Overall, despite global uncertainties, the Indian market is showing some selective strength, but investors remain cautious amid external risks and geopolitical issues.
