Delhi, 29 April (H.S.): Today ,On Tuesday stock markets experienced volatility, ending with modest fluctuations. The Nifty 50 index maintained its position above 24,300, closing at 24,335.95, up 7.45 points (0.03%). The Sensex rose by 70.01 points (0.09%) to finish at 80,288.38, while broader indices, including the BSE Midcap and Smallcap, also posted slight gains.

A notable rise in market capitalization added Rs 1.5 lakh crore, driven by stocks like Bharat Electronics and Tech Mahindra, contrasted by losses in Sun Pharma and ONGC.

Sector performances varied, with capital goods, consumer durables, IT, and oil & gas sectors increasing by 0.5-1%, while metal, power, telecom, and pharma sectors fell by 0.5-1%.

Internationally, the S&P 500 and Dow ended positively, while Asian markets gained as investors tracked economic data amid President Trump’s tariff negotiations.

Stock-specific activity included a 6% dip in Tata Technologies due to a block deal and a 5% decline in Gensol Engineering post-ED raids. Defence stocks surged, with some increasing up to 15% on expectations of higher military spending. Overall, the market remained cautious amid shifting global cues. In today’s trading session, Nifty IT led sectors with a 1.23% rise to close at 35,920 points, while Nifty Consumer Durables and Nifty Oil & Gas also gained up to 0.45%.

Nifty Pharma was the biggest loser, down 1%, followed by declines in Nifty Metal, Nifty Media, Nifty Realty, Nifty Auto, and Nifty FMCG. Market movement remained range-bound due to geopolitical tensions and cautious investor sentiment, despite foreign institutional inflows providing some support.

Recent mixed Q4 results might lead to downward projections for FY26. Nonetheless, FPIs have invested nearly ₹35,000 crore into Indian equities, boosting the Nifty 50 by 6.6%. UBS forecasts an 8% rise in the Nifty 50, potentially reaching 26,000 within a year, especially in consumption-driven sectors, as tariff negotiations progress.

Hindusthan Samachar / Jun Sarkar