Indian benchmark indices Nifty 50 and Sensex ended lower, with a drop of 0.057% and 0.0072%, respectively, amid rising geopolitical tensions with Pakistan. Investor sentiment remained low, leading to cautious trading and increased volatility, evidenced by a 5% rise in the volatility index. Despite a strong performance in April, investor concerns over tariffs and US-India trade issues have affected market momentum. Out of the Nifty 50 stocks, 15 gained while 35 lost, with the pharmaceutical sector showing resilience, contrasting with declines in banking and energy sectors.
Out of the Nifty 50, only 15 stocks ended in green while 35 ended the day in red. The biggest losers were Bajaj Finance, Bajaj Finserv, State Bank of India, and Tata Motors, they lost 3-6% each.
The volatility index was also up 5% to 18.22. Overall, the market performed well in April and the volatility was mainly driven by tariff concerns, US-India trade concerns, and foreign investment inflows.
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