Sensex, Nifty End Higher in Volatile Trade Amid Bank Stock Gains and Positive US Cues

Mumbai, July 4 – Investor mood was bolstered by buying in banking equities and a good end in US markets, which helped Indian equity benchmarks close higher on Friday despite intra-day volatility.

Market Snapshot

The BSE Sensex rose 193.42 points, or 0.23%, to end at 83,432.89, after swinging 462 points between a high of 83,477.86 and a low of 83,015.83 during the session.

The NSE Nifty also edged up 55.70 points, or 0.22%, to settle at 25,461.

Key Gainers and Laggards

Top performers on the Sensex included

• Bajaj Finance
• Infosys
• Hindustan Unilever
• ICICI Bank
• HCL Tech
• UltraTech Cement
• Bajaj Finserv
• SBI
• TCS
• Reliance Industries
• Axis Bank
• Larsen & Toubro.

Notable laggards included

• Trent
• Tata Steel
• Tech Mahindra
• Maruti

Global Market Trend

Asian markets had a mixed closing:

• Nikkei 225 and Shanghai Composite ended in the green
• Kospi and Hang Seng closed in the red
• European markets were trading lower, while US markets closed on a positive note on Thursday, aiding sentiment in India.

Market Sentiment and Commentary

The Indian market showed signs of consolidation amid global uncertainty and a looming US tariff deadline. The broader indices are currently hovering near peak valuation levels, with future direction expected to be shaped by Q1 earnings and progress on India-US trade talks.

Foreign Institutional Investors (FIIs) remained net sellers, offloading ₹1,481.19 crore, while Domestic Institutional Investors (DIIs) provided some cushion by purchasing ₹1,333.06 crore worth of equities.

Crude and Regulatory Update

Global oil benchmark Brent crude slipped 1.03% to USD 68.03 per barrel, adding a deflationary tone to the commodity markets.

Previous Session Recap

On Thursday, the Sensex had declined by 170.22 points to 83,239.47, while the Nifty fell 48.10 points to 25,405.30, marking a temporary pause after a strong rally in recent weeks.

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