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Welcome to Markets Daily by Bajaj Broking! In today’s edition, we bring you a detailed wrap-up of the market action as Indian equity indices ended their seven-day winning streak. Don’t forget to check out our Morning Podcast for more updates!
Also Read: Stock Market Live Updates
The Indian stock market witnessed a sharp decline today as traders booked profits at key resistance levels ahead of the monthly Futures and Options (F&O) expiry. Benchmark indices ended in the red, marking a day of broad-based weakness across sectors.
Sensex: Declined by 728.69 points (-0.93%), closing at 77,288.50.
Nifty 50: Dropped 181.80 points (-0.77%) to settle at 23,486.85.
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Nifty Auto showed resilience for most of the session but eventually closed flat.
The remaining 12 sectoral indices ended in the red, indicating widespread selling pressure.
Worst-performing sectors:
Nifty Bank, PSU Bank, Oil & Gas, and Pharma—each declining over 1%.
Nifty IT fell by 0.98%.
Losses in FMCG, Energy, Infrastructure, and Metals were less severe but still contributed to the overall negative sentiment.
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NIFTY MIDCAP 100 declined by 0.6%.
Nifty Smallcap 100 slipped by 1%.
Among individual stocks, IndusInd Bank emerged as the best performer, gaining approximately 3.34%.
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The ongoing market consolidation is being influenced by:
Domestic institutional outflows as investors adjust their portfolios.
Fiscal year-end adjustments impacting liquidity and sentiment.
Key macroeconomic events are on the horizon, including the April 2 tariff deadline and the upcoming RBI policy announcement.
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With markets experiencing heightened volatility, investors should stay cautious and keep an eye on global cues and domestic macroeconomic developments.
That’s all for today’s Markets Daily podcast by Bajaj Broking. Stay tuned for more insights, and don’t forget to subscribe for daily market updates! Don’t forget to subscribe to our Podcast.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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