The stock market closed on the green mark on Wednesday, the third trading day of the week. Benchmark indices Sensex and Nifty closed with marginal gains on Wednesday as the momentum in the markets remained limited due to heavy fall in IT blue-chip stocks. The rupee fell 11 paise to close at 90.43 against the US dollar.
After notable gains in previous trade, the 30-share BSE Sensex closed 78.56 points or 0.09 per cent higher at 83,817.69. During the day, it touched a high of 83,947.53 and a low of 83,119.95, with a swing of 827.58 points. The 50-share NSE Nifty closed at 25,776, up 48.45 points or 0.19 per cent.
Condition of Sensex companies
Among the companies in the Sensex list, Eternal, Trent, NTPC, Adani Ports, Power Grid and Maruti were among the biggest gainers. Infosys, Tata Consultancy Services, HCL Tech and Tech Mahindra were the biggest laggards, falling up to 7 per cent. The BSE IT index fell 5.49 per cent to close at 35,109.51.
What is the opinion of experts?
Ponmudi R, CEO of online trading and wealth tech firm Enrich Money, said while oil and gas, consumer durables, metals and automobile stocks posted strong gains, IT stocks faced heavy selling pressure due to weakness in global technology stocks. He said sentiment in the sector deteriorated after AI startup Anthropic unveiled an end-to-end workflow automation productivity tool, rekindling concerns that rapid progress in AI could disrupt traditional software business models and put pressure on industry-wide profitability.
Vinod Nair, Head of Research, Geojit Investments Limited, said that the domestic stock markets witnessed a volatile session in which due to rising US-Iran tensions, investors remained worried and the market remained volatile.
He further said the overall upside remained limited due to weakness in IT stocks amid concerns of reduced demand for traditional outsourcing following the introduction of new AI-powered automation tools by Anthropic.
America reduced the tariff on India by 18 percent
India and the US have agreed to the framework of a trade deal under which Washington will reduce tariffs on Indian goods to 18 per cent from the current 50 per cent. This announcement is significant as the US has imposed heavy tariffs on Indian goods entering the US markets from August 27, 2025.
Mixed situation seen in European markets
In Asian markets, South Korea’s Kospi and Shanghai’s SSE composite index rose and Hong Kong’s Hang Seng index also rose. Whereas Japan’s Nikkei 225 index fell. Trading was taking place in European markets with mixed sentiments.
American markets closed with a decline on Tuesday. The Nasdaq Composite index lost 1.43 percent, the S&P 500 lost 0.84 percent and the Dow Jones Industrial Average lost 0.34 percent.
The price of Brent crude increased to US $ 67.57 per barrel.
Global oil benchmark Brent crude rose 0.36 percent to US$67.57 per barrel. Foreign institutional investors bought Rs 5,236.28 crore in the stock market on Tuesday. According to exchange data, domestic institutional investors (DIIs) bought shares worth Rs 1,014.24 crore.
On Tuesday, the Sensex closed at 83,739.13, up 2,072.67 points or 2.54 per cent. Nifty settled at 25,727.55, up 639.15 points or 2.55 per cent.
