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Indian stock markets opened on a subdued note today as investors opted to book profits following Thursday’s sharp rally
Sensex Today (Source: Freepik)
Sensex Today: Indian equity benchmarks closed the week on a subdued note, with the BSE Sensex and NSE Nifty50 slipping as investors opted to book profits at elevated levels.
The BSE Sensex declined by 200.15 points, or 0.24%, to settle at 82,330.59, after trading between 82,514.81 and 82,146.95 during the session. The NSE Nifty50 also closed in the red, dropping 42.30 points, or 0.17%, to finish at 25,019.80.
Despite the weakness in benchmark indices, broader markets outperformed. The Nifty Smallcap100 surged 1.86%, while the Nifty Midcap100 added 0.94%, reflecting strong investor interest in the mid- and small-cap segments.
Among Sensex constituents, Eternal, Hindustan Unilever, Asian Paints, ITC, and IndusInd Bank were the top performers, posting gains between 0.60% and 1.20%. On the flip side, Bharti Airtel, HCL Technologies, State Bank of India, Infosys, and Tech Mahindra were the biggest laggards, shedding between 0.79% and 2.76%.
Market breadth remained positive. Out of 4,126 stocks traded on the BSE, 2,616 advanced, 1,368 declined, and 142 remained unchanged.
Global Cues
Asia-Pacific markets were mixed on Friday as investors evaluated Japan’s latest GDP figures and looked ahead to more economic data releases from across the region. Nikkei edged down 0.5 per cent, while the broader Topix index slipped 0.2 per cent. This comes after data showed Japan’s economy shrank 0.2 per cent quarter-on-quarter (Q-o-Q) for the first quarter of the year, a deeper contraction than the 0.1 per cent decline forecast by economists in a Reuters poll. The weaker-than-expected economic performance adds complexity to ongoing trade negotiations with the US, which have so far failed to yield a definitive agreement.
Elsewhere, ASX 200 advanced 0.8per cent, while Kospi was flat with positive bias. Investors also await GDP reports from Hong Kong and Malaysia, due later in the day.
On Wall Street, the S&P 500 climbed for a fourth straight session, gaining 0.41 per cent, buoyed by optimism after the US and China agreed to temporarily reduce tariff rates. The Dow Jones added 0.65 per cent while Nasdaq lagged, dipping 0.18 per cent.
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