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The BSE Sensex on Wednesday gained by 105.71 points or 0.13% to close at 80,746.78, while the NSE Nifty rose 34.80 points or 0.14% to settle above 24,400 to 24,414.4.
Stock Market Today: Sensex, Nifty close flat amid escalating geopolitical tension between India and Pakistan.
Stock Market Closing Today: Indian stock market on Wednesday showed resilient despite heightened war-like situation between India and Pakistan after the former targeted terrorist infrastructure in Pakistan and Pakistan-occupied Kashmir. The BSE Sensex on Wednesday gained by 105.71 points or 0.13% to close at 80,746.78, while the NSE Nifty rose 34.80 points or 0.14% to settle above 24,400 to 24,414.4.
On Sectoral Front
On the sectoral front, Nifty auto (+1.66 per cent), Nifty Bank (+0.69 per cent), Nifty Realty (+1.12 per cent) led the gains, while Nifty FMCG (-0.52 per cent), Nifty Pharma (-0.33 per cent) and Nifty Healthcare (-0.35 per cent) came under pressure.
Top Gainers, Losers
Tata Motors was the top gainers in Nifty 50 by gaining 5 per cent to close at Rs 681.80 per share, followed by Jio Finance (+2.11 per cent), Bajaj Finance (+2.04 per cent), Shriram Finance (+1.85 per cent) and Eternal aka Zomato (+1.65 per cent). Top laggards in the index were Asian Paints (-3.97 per cent), Sun Pharma (-2.10 per cent), Bajaj Auto (-1.26 per cent), ITC (-1.24 per cent) and Grasim Industries (-1.14 per cent).
Shrikant Chouhan, Head Equity Research, Kotak Securities said the benchmark indices witnessed recovery from the lower levels.
“We are of the view that the current market texture is non-directional; perhaps traders are waiting for either side breakout. On the higher side, 24500/81000 would be the immediate breakout level for traders,” he added.
Vinod Nair, Head of Research, Geojit Investments Limited stated Indian equity markets exhibited strong resilience amid recent Indo-Pak border tensions, the measured market response indicated that geopolitical risks were largely priced in and expectations of de-escalation is prevailing among investors.
Stock Market Opening Today
Nifty opened negatively at 24,233 today due to heightened geopolitical concerns following escalating tensions between India and Pakistan. The broad market downturn occurred after Indian strikes on Pakistan and Pakistan-occupied Kashmir. However, Nifty made a sharp recovery from the opening, reaching an intraday high of 24,449.
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