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The benchmark equity index BSE Sensx and Nifty 50 were flat in the open on Tuesday with marginal benefits.
Stock Market Today
Sensex today: The benchmark equity indices remained a range-bound with a minor negative bias on Tuesday, reflecting trends from global markets.
The BSE Sensx fell at a low of 75,531, but eventually ended with a marginal loss of 29 points, closing at 75,967. NSE Nifty 50 touched 14 points at a high of 22,801 and 22,945 at a high of 22,992, 14 points below.
The top beneficiaries in Sensex 30 were the power sector giants NTPC and Power Grid Corporation, which increased by 3%. Tech Mahindra, Zomato, HCL Technologies and Kotak Mahindra Bank also saw benefits. On the other hand, IndusInd Bank, Hindustan Unilever, UltraTech Cement, Mahindra and Mahindra, and TCS each declined by 1-2%.
In the broad market, the BSE Midcap index was largely closed, while the BSE Smallcap index saw a significant decline of about 1.5%. The width of the market was slanting towards the bear, with a decline in several shares on BSE about three times, which were compared to moving forward.
The ongoing market reform in India in the last few months has greatly influenced the stocks of stock brokers listed on the National Stock Exchange (NSE), with some shares declining by 70%. While the Nifty 50 has seen a decline of 9% since September 18, 2024, most of the listed brokers have performed worse, such as Trukap Finance, Geogit Financial Services, 5PAISA Capital, Prim Securities, SMC Global Securities, and Arihant Capital Markets As companies do underperforming. According to Ace Equity data, their shares fall between 30% and 70%.
Finance Minister Nirmala Sitarman said that recent profit-booking by foreign investors can be held responsible for the strong returns generated by the Indian economy. In the post-budget press conference, he emphasized that India focuses on becoming an investor-friendly destination.
The government has implemented several measures in recent years to rationalize custom duties, which aim to promote investors’s trust.
,FIIs do to get out When they are in a position to book profits. Today, the Indian economy provides an environment where investment is giving good results, inspiring this profit-booking activity, “Sitarman said.
Global signal
At 9:06 pm until Tokyo time, the global equity markets showed a mixed performance, with some major indices experienced a slight profit, while others saw a slight decline. The S&P500 futures increased 0.1%, indicating a positive but cautious start for the US markets. Similarly, Hang Seng futures received 0.3%, reflecting optimism in Hong Kong’s stock market. Japan’s topics saw a more notable growth of 0.4%, which was inspired by positive spirit in the local equity market. However, Australia’s S&P/ASX 200 index saw a decline of 0.4%, showing the weak investor spirit in the Australian market. In Europe, Euro Stockx 50 futures increased by 0.6%, indicating a positive attitude for European markets as they were ready to open. Overall, mixed performance in different fields, separating the investor’s spirit globally, benefits some markets from optimism, while other challenges face challenges that reduce their growth ability.
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