SOURCE : NEW18 NEWS
Last Updated:May 06, 2025, 15:59 IST
The BSE Sensex fell 155.77 points or 0.19 per cent to close at 80,641.07, while the NSE Nifty dropped by 81.55 points or 0.33 per cent to settle at 24,379.60.
Stock Market Today
The domestic equity markets remained weak throughout the session on Tuesday after opening marginally higher. The BSE Sensex fell 155.77 points or 0.19 per cent to close at 80,641.07, while the NSE Nifty dropped by 81.55 points or 0.33 per cent to settle at 24,379.60. Experts said market sentiment remained cautious as rising geopolitical tensions between India and Pakistan led investors to adopt a defensive approach, overshadowing support from select pockets of the market.
Broader markets were hit majorly with BSE MidCap and BSE SmallCap indices plunging by 2.16 per cent and 2.33 per cent, respectively.
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Among the 30 Sensex companies, 19 closed in the red. Eternal, Adani Ports, Tata Motors, State Bank of India (SBI) and NTPC were the top losers falling by up to 3.08 per cent.
However, 11 shares ended the day in green. Among the top gainers were Bharti Airtel, Tata Steel, Hindustan Unilever, Mahindra & Mahindra, and Nestle rising up to 1.66 per cent.
All sectors declined on Thursday, except auto. The NSE Nifty Auto rose by 0.17 per cent. All other sectors ended the day in red with the PSU Bank, Realty, Media, and Consumer Durables indices declining the most.
On the BSE, advance-decline ratio stood at 786-3,154. A total of 78 stocks traded at 52-week low, while 63 exchanged hands at 52-day high prices.
A total of 350 stocks hit lower circuit among a total of 4,072 stocks traded on the BSE on Tuesday, whereas 143 hit upper circuit.
“Market sentiment remained cautious as rising geopolitical tensions between India and Pakistan led investors to adopt a defensive approach, overshadowing support from select pockets of the market,” said Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equity.
On the derivatives front, the advance-decline ratio remained weak, with only 33 stocks advancing against 189 declining, he added.
The Nifty opened flat at 24,500 and made an intraday high of 24,509 before slipping into negative territory, hitting a low of 24,355. The second half of the session remained largely range-bound with muted activity. Sectoral performance was broadly negative, with the automobile sector being the sole gainer, while PSU Banks, Realty, Media, Oil & Gas, and Financial Services bore the brunt of the selling pressure.
The volatility index, India VIX, rose by 3.58 per cent to 19, indicating a rise in market volatility.
Technical View
Vatsal Bhuva, technical analyst at LKP Securities, said, “On Tuesday, the Nifty ended with a bearish candlestick on the daily chart, indicating a firm resistance near the 24,500 mark as market participants stayed cautious ahead of the Fed meeting and Indo-Pakistan tensions.”
Key support lies in the 24,250–24,200 zone. Technically, a directional trend will emerge only after a decisive move above 24,500 or a close below 24,200. Until then, the index is likely to trade in a range. With the Fed outcome now released, a directional move could unfold in the upcoming sessions, he added.
- First Published:
May 06, 2025, 09:07 IST
