Indian equity markets rebounded from early losses on Wednesday, with the Sensex and Nifty trading higher due to sustained foreign institutional investor inflows and positive cues from US markets
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Equity benchmark indices Sensex and Nifty clawed back early losses to trade in positive territory on Wednesday, buoyed by continued foreign fund inflows and an overnight rally in US markets, as per PTI.
The BSE Sensex, comprising 30 shares, initially dipped by 232.51 points to 80,055.87 in early trade. The broader NSE Nifty too slipped 67.15 points to touch 24,268.80. However, both indices later recovered, supported by buying activity in select heavyweights. The Sensex was last seen trading 76.72 points higher at 80,365.10, while the Nifty rose 23.30 points to 24,359.25.
Among the key drags on the benchmark were Bajaj Finserv and Bajaj Finance, which saw sharp declines despite reporting strong quarterly earnings. Bajaj Finserv shares dropped 6 per cent, while Bajaj Finance declined over 4 per cent. According to PTI, Bajaj Finserv Ltd posted a 14 per cent rise in its consolidated net profit at Rs 2,417 crore for the March 2025 quarter. Meanwhile, NBFC major Bajaj Finance reported a 16 per cent increase in standalone net profit, reaching Rs 3,940 crore for the same quarter.
Other laggards from the Sensex pack included Tata Motors, IndusInd Bank, State Bank of India and UltraTech Cement. On the other hand, notable gainers included Power Grid, Hindustan Unilever, HDFC Bank, NTPC, Mahindra & Mahindra and Maruti Suzuki.
In the Asian markets, indices showed mixed trends. While South Korea’s Kospi and the Shanghai Composite were trading lower, Japan’s Nikkei 225 and Hong Kong’s Hang Seng registered gains. US markets had closed positively on Tuesday, lending further support to domestic equities.
Foreign Institutional Investors (FIIs) continued their bullish stance, having invested Rs 2,385.61 crore in Indian equities on Tuesday alone, based on exchange data. FIIs have poured in a cumulative Rs 37,325 crore over the past 10 sessions.
“The market’s unexpected resilience is worth noting. Despite geopolitical anxieties and tariff concerns, the Nifty has risen 5 per cent in April,” remarked V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, as quoted by PTI. “This highlights the importance of maintaining composure during uncertain times,” he added.
He further stated that robust FII inflows, a softening US dollar, and India’s economic stability are key factors sustaining the current momentum. “This trend may well continue,” Vijayakumar said.
Meanwhile, global crude oil prices edged lower. Brent crude, the international oil benchmark, slipped 1 per cent to trade at USD 63.61 a barrel.
On Tuesday, the BSE Sensex ended 70.01 points or 0.09 per cent higher at 80,288.38, while the Nifty rose marginally by 7.45 points or 0.03 per cent to settle at 24,335.95.
(With inputs from PTI)
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