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Stock Market Updates: Sensex Rises 100 Points, Nifty Below 25,250; FMCG Stocks Drag


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Indian benchmark indices started Wednesday’s session on a firm note, supported by optimism over the conclusion of the India–EU FTA

Stock Market Today.

Stock Market Today.

Sensex Today: Indian benchmark indices Sensex and Nifty started Wednesday’s session on a firm note, supported by optimism over the conclusion of the India–EU Free Trade Agreement (FTA) and encouraging global market signals.

As of 2 PM, the Nifty 50 was 0.19 per cent or 48.40 points higher at 25,223.80, and the Sensex was 0.12 per cent or 121.91 points higher at 81,979.39

On the BSE, Axis Bank, Eternal and Adani Ports led the advances, whereas Asian Paints, Maruti Suzuki and Infosys were among the key laggards.

The broader market also traded in positive territory, with the Nifty SmallCap 100 index rising more than 1 per cent and the Nifty MidCap 100 index up 0.6 per cent.

Sector-wise, Nifty Private Bank, Realty and Oil & Gas indices were among the top performers, each climbing over 1 per cent. In contrast, Auto and PSU Bank stocks were under pressure.

Also Read: New Income Tax Rules Take Effect April 1: What Taxpayers Need To Know

Global Cues

Asian markets were trading mixed. Last checked, Japan’s Nikkei 225 index was down 1.43 per cent, while South Korea’s KOSPI index rose 1.48 per cent. Australia’s S&P ASX 200 was trading almost flat with a negative bias.

On Tuesday, the US equity markets settled on a mixed note, with the S&P 500 hitting a record closing high for a fifth consecutive session, as optimism ahead of megacap earnings was offset by mixed corporate results and a sharp selloff in health insurer stocks. The S&P 500 index rose 0.41 per cent to close at 6,978.60 levels, the Nasdaq Composite index gained 0.91 per cent, while the Dow Jones Industrial Average fell 0.83 per cent.

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