Sensex and Nifty End Slightly Lower Amid Volatile Trade and Global Uncertainty
Indian stock markets closed marginally lower on Thursday as rising crude oil prices, rupee weakness, and global geopolitical tensions weighed on investor sentiment.
Prasanth Subramani
Indian stock markets closed slightly lower on Thursday after a volatile trading session, as investors remained cautious amid rising crude oil prices, weakness in the Indian rupee, and ongoing global geopolitical tensions.
The BSE Sensex ended the day at 75,183.36, declining nearly 135 points, while the NIFTY 50 settled marginally lower at 23,654.70.
Market experts stated that uncertainty surrounding tensions in the Middle East and concerns over rising inflation continued to impact investor sentiment throughout the trading session.
Information technology and financial sector stocks witnessed selling pressure during the day. Shares of major IT companies including Infosys and Tech Mahindra were among the top losers, dragging the benchmark indices into negative territory.
However, selective buying in healthcare and metal stocks helped limit the overall decline in the markets.
Among the top gainers, Apollo Hospitals touched fresh record highs after reporting strong quarterly earnings. Tata Steel also traded positively despite the broader weakness in the market.
Analysts observed that small-cap stocks continued to show resilience even as frontline benchmark indices remained under pressure.
According to market experts, investors are closely monitoring global crude oil prices, US bond yields, and foreign institutional investor activity for further market direction.
Experts believe the market may continue to trade within a limited range in the near term unless the Nifty decisively crosses the key resistance level of 23,800.
