Key Highlights:
- Sensex fell 166 points, Nifty down 75 points amid rate decision impact
- IT and FMCG stocks saw heavy selling, dragging markets lower
- Banking sector stayed flat, showing resilience despite volatility
Mumbai: Indian equity markets saw choppy trading on Wednesday, reacting to the RBI’s decision to keep the repo rate unchanged at 5.5 percent , as expected.
The Sensex closed at 80,543.99, down 166.26 points or 0.21 percent , while the Nifty settled at 24,574.20, a loss of 75.35 points or 0.31 percent .
Volatility Dominates Trading Session
The session began on a cautious note, with Sensex opening in the red at 80,694.98, lower than the previous close of 80,710.25.
During the day, the index touched a low of 80,448.82 and a high of 80,834.43, reflecting high volatility as investors digested the central bank’s policy stance.
IT, FMCG Lead Market Decline
IT stocks faced strong selling pressure due to tariff concerns, dragging the overall market lower.
Major losers included Infosys, Tech Mahindra, HCL Tech, TCS, Sun Pharma, Bajaj Finance, and Ultratech.
Among sectoral indices:
- Nifty IT fell 1.74 percent
- Nifty FMCG dropped 0.90 percent
- Nifty Auto slipped 0.53 percent
Banks Stay Flat, Broader Market Weakens
Bank Nifty closed almost flat at 55,411.15, reflecting market caution but also sectoral strength in uncertain conditions.
Among stocks in green were Asian Paints, Adani Ports, Mahindra & Mahindra, SBI, BEL, and HDFC.
The broader market saw deeper losses:
- Nifty Midcap 100 fell 0.80 percent
- Nifty Smallcap 100 dropped 1.13 percent
- Nifty Next 50 lost 0.87 percent
Outlook Still Positive Despite External Headwinds
Analysts believe the domestic economy remains on solid ground due to rising consumption, private investment, and government-led capital spending.
“India is well-positioned for a better second half of the year,” said Vinod Nair, Head of Research at Geojit Financial Services, pointing to strong fundamentals and improving investor confidence.
(With IANS Inputs)
