Nifty & Sensex
Indian markets ended flat on Wednesday as rising geopolitical tensions with Pakistan weighed on sentiment.
Sensex closed at 80,242, down 46 pts
Nifty 50 settled at 24,334, down just 1.75 pts
Stock Action
Bajaj Finance tanked 5% despite Q4 profit
Weak pre-provision numbers & higher credit costs flagged by brokerages.
HDFC Bank rose 0.9% — giving crucial support to indices.
April Wrap
Nifty is up 3.5% while the Sensex is up 3.7%
Gains led by banks & financials on robust earnings & strong FII inflows.
IT Index Alert
Down 3% in April — fourth monthly fall in a row; longest losing streak since 2016.
FII Flows Strong
Foreign investors have pumped in $4.4 billion over 10 sessions — best buying streak in 2 years — on hopes of a U.S.-India trade deal.
Geo Risk Watch
Rising India-Pakistan border tension post-Kashmir attack. PM Modi gives military chiefs authority to respond.
Markets shut Thursday (holiday) — reopening on May 2
Expert Take
“Short-term caution likely, but long-term outlook remains strong — dips may be buying opportunities.” — Vinod Nair, Geojit Investments
