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Sensex Today: Indian benchmark indices opened higher on Wednesday, supported by mixed global cues
Stock Market Today
Sensex Today: Indian benchmark indices closed in the green on Wednesday after a volatile trading session, supported by gains in metal and IT stocks and better-than-expected CPI inflation data from both India and the US. India’s retail inflation eased to 3.16% in April, marking the sixth straight month of decline, which boosted investor sentiment.
The BSE Sensex ended 182.34 points higher, up 0.22%, at 81,330.56, while the Nifty50 gained 88.55 points, or 0.36%, to settle at 24,666.90.
Broader markets outperformed the benchmarks, with the BSE Midcap index climbing 1.19% and the BSE Smallcap index advancing 1.63%.
Among sectoral indices, Nifty Metal, Realty, Oil & Gas, IT, Energy, and Media were the top performers, rising up to 2.46%. Other sectors like Auto, Healthcare, Pharma, Consumer Durables, and FMCG also ended in the green, gaining up to 1%. However, Nifty Bank and Financial Services declined by 0.25% and 0.23%, respectively.
Within the Sensex pack, 22 out of 30 stocks ended higher. The top gainers included Tata Steel (up 3.95%), Tech Mahindra (2.26%), Eternal (2.20%), Maruti Suzuki (1.66%), and Infosys (1.52%). On the losing side were Asian Paints, Kotak Mahindra Bank, Tata Motors, Power Grid, and NTPC, which declined up to 1.64%.
Meanwhile, India VIX, the volatility index often referred to as the market’s fear gauge, dropped 5.61% to 17.18, indicating reduced market nervousness.
Global Markets
As of 9:41 a.m. Tokyo time, S&P 500 futures were flat, hinting at a steady U.S. market open. Hang Seng futures rose 1.1%, reflecting bullish sentiment in Hong Kong, while Nikkei 225 futures slipped 0.1% and Japan’s Topix declined 0.6%. Australia’s S&P/ASX 200 hovered near flatline, and Euro Stoxx 50 futures edged down 0.2%, suggesting a muted start in European markets.
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