Mumbai, April 29 – Indian equity markets closed with marginal gains on Tuesday as investor sentiment remained cautious amid rising geopolitical concerns globally and on the India-Pakistan border. Despite the volatility, strong buying in key stocks such as Reliance Industries, Infosys, and Tata Consultancy Services, along with continued inflows from foreign institutional investors, provided crucial support to the domestic markets.
The benchmark BSE Sensex climbed 70.01 points or 0.09 percent to close at 80,288.38. During intraday trade, the index had surged as much as 442.94 points to touch a high of 80,661.31 before paring gains due to selling pressure. Meanwhile, the NSE Nifty also registered a mild gain of 7.45 points or 0.03 percent to settle at 24,335.95.
This marked the second consecutive day of positive closing for the markets. On Monday, the Sensex had jumped 1,005.84 points while the Nifty had advanced by 289.15 points.
Among the top performers on the Sensex were Reliance Industries, Tech Mahindra, HCL Technologies, Infosys, IndusInd Bank, Tata Consultancy Services, and Bajaj Finserv. However, stocks such as UltraTech Cement, Sun Pharma, Power Grid, NTPC, Kotak Mahindra Bank, and Mahindra & Mahindra saw declines.
As per agency report, analysts noted that geopolitical concerns, particularly tensions on the India-Pakistan border, prompted a cautious stance among investors. Nonetheless, sustained foreign investment continued to bolster market sentiment. Data showed that foreign institutional investors purchased shares worth Rs. 2,474.10 crore on Monday.
The broader markets also reflected a positive tone, with the BSE Midcap Index gaining 0.23 percent and the Smallcap Index rising 0.09 percent. Sectorally, the IT index rose by 1.13 percent, capital goods by 0.94 percent, and the technology sector by 0.76 percent.
Market analysts observed that although the Nifty opened strong, it remained range-bound through most of the session and closed with only modest gains. Technical experts indicated that after Monday’s sharp rally, the index attempted to consolidate and maintain its levels.
In international markets, South Korea’s Kospi and Hong Kong’s Hang Seng indices closed higher, while China’s Shanghai Composite ended with minor losses. European markets were mostly trading in the green, and US markets had largely ended higher in the previous session.
On the commodities front, the global crude benchmark Brent fell by 1.59 percent to $64.81 per barrel, indicating some cooling in global oil prices amid broader macroeconomic uncertainties.
