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On April 30, 2025, Indian stock markets opened on a subdued note. The BSE Sensex dipped over 150 points to around 80,133, while the NSE Nifty50 slipped below the 24,300 mark, trading at approximately 24,294.
Key factors influencing market sentiment
- Geopolitical concerns: Tensions between India and Pakistan have escalated following the Pahalgam terror attack. Prime Minister Narendra Modi has granted the military "complete operational freedom" to respond, leading to heightened investor caution.
- Corporate earnings: Mixed Q4 results have impacted market dynamics. Bajaj Finance and Bajaj Finserv shares declined by over 5 per cent and 6 per cent, respectively, despite reporting profit growth, due to concerns over rising credit costs and subdued pre-provision profits.
- Leadership changes: IndusInd Bank's stock fell by approximately 3 per cent following the sudden resignation of CEO Sumant Kathpalia amid a derivatives accounting controversy.
- Foreign investment: Foreign portfolio investors have injected around Rs 37,325 crore into Indian equities over the past ten trading sessions, marking the longest buying spree since July 2023. This influx is attributed to optimism over a potential US-India trade deal and India's robust economic outlook.
Sectoral movements
The realty sector showed resilience, gaining around 2 per cent, while media and PSU bank indices declined by approximately 1 per cent each.
Global market cues
Asian markets exhibited mixed trends, with Japan's Topix rising by 0.3 per cent and Australia's S&P/ASX 200 up by 0.3 per cent. US markets closed higher on April 29, with the Dow Jones, S&P 500 and Nasdaq posting gains amid positive corporate earnings and trade deal optimism.
Disclaimer: This article was composed with the assistance of artificial intelligence. While we've taught our digital scribe to behave, we still recommend a pinch of healthy scepticism alongside your reading. Enjoy- and proceed with a knowing smile!
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