Stock Market Today: Sensex, Nifty Settles Flat As Trump Postponed Tariffs Imposition

In terms of broader market performance, the BSE Midcap index experienced a slight decline of 0.3 per cent, while the Smallcap index outperformed, rising by 0.7 per cent

Indian equity markets ended largely flat on Friday, amid a volatile trading session. The Nifty closed at 22,552, marking a slight gain, while the Sensex ended with a marginal loss. At the close of the trading day, the Sensex stood at 74,332.58, down by 7.51 points or 0.01 per cent, while the Nifty saw a modest increase of 7.80 points or 0.03 per cent, finishing at 22,552.50. A total of 2,431 shares advanced, 1,400 shares declined, and 120 remained unchanged during the session.

Among the key gainers on the Nifty were major stocks such as Reliance Industries, Nestle, Bajaj Auto, Bharat Electronics, and Hindalco. On the other hand, stocks like IndusInd Bank, NTPC, Shriram Finance, Infosys, and HCL Technologies were among the top losers for the day.

Broader Market

In terms of broader market performance, the BSE Midcap index experienced a slight decline of 0.3 per cent, while the Smallcap index outperformed, rising by 0.7 per cent.

Sectorial Update

Sector-wise, the markets saw mixed movement. The Consumer Durables, IT, Power, and Realty sectors witnessed losses, with declines ranging from 0.5 per cent to 1 per cent. Meanwhile, the Capital Goods, Energy, Metal, and Media sectors performed well, advancing by 0.5 per cent to 2 per cent.

Expert Comment

Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Intermediates noted, "The domestic benchmark index, Nifty, opened with a gap up, maintained buying interest, and settled the day on a bullish note at 22,545. Technically, Nifty has crossed and sustained above the first bearish gap (22,450-22,514), forming a green candle, which indicates strength. The next major resistance is around 22,668-22,720, where the next bearish gap is placed, followed by the previous breakdown point at 22,800. Thus, 22,720 and 22,800 will act as stiff resistance for the index. On the downside, 22,240 will act as immediate support. Though the overall market suggests strength, traders should wait for a move above 22,800. Until then, buy near support and take profits around resistance."

"Bank Nifty opened a gap up, faced profit booking in the first half, but recovered in the second half, and concluded the day on a positive note at 48,628. Technically, Bank Nifty has formed a red candle on the daily chart, indicating strong resistance near 48,660 levels. A sustainable breakout above this level could trigger a fresh move towards 49,000. On the downside, 47,840 remains firm support. Traders should closely watch these levels for potential trading opportunities," he added.