Indian stock market ended almost flat on Tuesday, April 29, as gains in shares of heavyweights such as Reliance Industries and Infosys were largely offset by losses in those of HDFC Bank, Sun Pharma and Kotak Mahindra Bank. The Sensex ended the day slightly higher by 70 points, or 0.09 per cent, at 80,288.38, while the Nifty 50 settled at 24,335.95, up 7 points, or 0.03 per cent. The mid and small-cap segments also saw nominal gains. The BSE Midcap index rose 0.23 per cent, while the Smallcap index inched up by 0.09 per cent.
Let's take a look at 10 key highlights of the stock market today:
Profit booking in select heavyweights amid a lack of fresh triggers, mixed global cues, and persisting geopolitical concerns capped the market's gains.
There are clear signs of trade tensions easing as US President Donald Trump signalled that trade negotiations were continuing with major trading partners. According to Reuters, the Trump administration said it plans to reduce the impact of auto tariffs.
The market appears to have largely priced in a less severe tariff regime, which may not be as detrimental to global economic growth as previously perceived.
The focus is now on the ongoing earnings season and the upcoming macroeconomic reports. Evolving situations between India and Pakistan remain on market participants' radars.
"The national market exhibited largely range-bound oscillation, as caution prevailed amid geopolitical concerns over border tensions. The sustained inflows from FIIS (foreign institutional investors) supported market sentiment and restricted further pessimism," said Vinod Nair, Head of Research, Geojit Investments Limited.
"Mixed Q4 results have raised the risk of downward revisions to FY26 projections. In combination with apprehensions surrounding potential retaliatory actions, these developments may lead to some consolidation in the near term," said Nair.
Shares of Trent (up 5.77 per cent), Bharat Electronics (up 3.97 per cent) and Tech Mahindra (up 2.29 per cent) ended as the top gainers.
As many as 31 stocks ended in the red in the Nifty 50 index today. Shares of Sun Pharmaceutical Industries (down 2.25 per cent), UltraTech Cement (down 2.18 per cent) and Coal India (down 2.13 per cent) ended as the top losers.
While most sectoral indices ended in the red, the Nifty IT index jumped 1.23 per cent amid easing trade war tensions.
Nifty Pharma, on the other hand, fell 1.06 per cent, followed by Nifty Metal (down 0.95 per cent). Nifty Bank slipped 0.07 per cent, while the Financial Services index dropped 0.37 per cent.
Vodafone Idea (44.34 crore shares), Easy Trip Planners (10.5 crore shares) and UCO Bank (6.14 crore shares) were the most active stocks in terms of volume on the NSE.
Paras Defence and Space Technologies, Malu Paper Mills, Data Patterns (India), Garden Reach Shipbuilders & Engineers and TBO Tek, were among the eight stocks that jumped over 10 per cent on the NSE.
As many as 78 stocks, including Paras Defence and Space Technologies, The India Cements, Panacea Biotec and Setubandhan Infrastructure, hit their upper circuits in intraday trade on the NSE.
Gensol Engineering, Sterlite Technologies and V2 Retail were among the 46 stocks that hit their lower circuits on the NSE during the session.
Some 1,365 stocks advanced while as many as 1,478 declined and 90 remained unchanged on the NSE.
ICICI Bank, Coromandel International, Mazagon Dock Shipbuilders, Max Financial Services, Paradeep Phosphates and Solar Industries India were among the 64 stocks that hit their 52-week highs in intraday trade on the BSE.
On the flip side, 33 stocks, including Cubex Tubings, Teamo Productions HQ and Uma Exports, hit their 52-week lows.
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