Kolkata: On Wednesday morning, Indian stock market indices opened in the green with Sensex registering a rise of 465.83 points or 0.64% to stand at 73,455.76 points around 10:30 am and Nifty trading at 22,240.45 points, up 157.80 points or 0.71%).
On Tuesday, March 4, BSE Sensex ended the trading session at 72,989.93 points, down 96.01 points or 0.13%, while Nifty 50 settled at 22,082.65 points, declining 36.65 points, or 0.17%. The contributing factors were weak trends in the global markets, persistent selling pressure by the FIIs and continuing concerns over US tariffs.
Market analysts were of the opinion that Indian equities were highly oversold and could bounce back. Asia Pacific market indices were trading in the green early on Wednesday on the tariff relief signal after President Donald Trump triggered a worldwide selloff.
Prominent gainers and losers
From the Sensex basket, the gainers included Tata Steel, Mahindra & Mahindra, HCL Technologies, Tech Mahindra, Adani Ports, Tata Motors, Power Grid, NTPC, Infosys, Tata Consultancy Services and Bharti Airtel. The laggards featured Bajaj Finance, Bajaj Finserv, UltraTech Cement and HDFC Bank were the only laggards.
“US equity markets closed lower in a volatile trading session on Tuesday as new US tariffs took effect. The benchmark S&P 500 suffered its worst day of this year after the US tariffs were confirmed,” Devarsh Vakil, Head of Prime Research, HDFC Securities, told the media. He added, “Losses in Indian markets were limited compared to global and Asian peers, which saw a significant sell-off after Donald Trump confirmed tariffs on Canada, Mexico, and China. Small-cap stocks bounced back sharply after facing severe selling pressure, while mid-cap stocks ended the session with mild gains.”
FIIs sold Indian stocks worth Rs 3,405.82 crore on March 4. Global oil benchmark Brent crude came down 0.34% to stand at USD 70.80/barrel.
On the global front, President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China.
Earlier, experts had clearly said what the factors could be to influence the markets this week. “Investors will be closely watching key events, including the tariff policy, and jobless claims. In the near term, market conditions are expected to remain weak, with a gradual recovery anticipated as earnings improve from Q1 FY26 and global trade policy uncertainties subside,” Vinod Nair, Head of Research, Geojit Financial Services, told the media.
“We expect market to continue to trade with weakness due to weak global sentiments and lack of domestic triggers,” Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd, had remarked.
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On Wednesday, March 5, both BSE Sensex and NSE Nifty 50 opened in the green. Experts had said FII investment flows and concern over US tariff decisions would continue to influence market sentiments this week. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
