Stock Market Update: In a highly volatile trading session on Tuesday, benchmark equity indices closed nearly unchanged after the BSE Sensex breached the 85,000 mark for the first time and the NSE Nifty reached 26,000 in intra-day trading. The fluctuations were primarily driven by selling pressure in major stocks such as Hindustan Unilever, Kotak Mahindra Bank, and ICICI Bank, leaving investors grappling for direction following a record rally.
Indices End Flat Amid Volatility
The 30-share BSE Sensex settled down by 14.57 points, or 0.02%, at 84,914.04, despite reaching an all-time intra-day high of 85,163.23 earlier in the day. Meanwhile, the Nifty managed a slight gain of 1.35 points, or 0.01%, closing at 25,940.40 after peaking at 26,011.55.
Pravesh Gour, Senior Technical Analyst at Swastika Investmart, noted that while the Indian stock market has shown remarkable growth, with the Sensex recently hitting the 85,000 mark, caution is advised. “The surge, driven by factors such as the US Federal Reserve’s rate cut and favorable domestic economic indicators, has led to high valuations that present both opportunities and risks,” Gour commented.
He added, “While reaching the 1 lakh mark by Diwali 2025 appears feasible, it is important to remember that markets are cyclical. Sustained upward trends can lead to periods of consolidation or correction. Investors should avoid overextending their positions and maintain a realistic outlook on potential returns.”
Tata Steel, Power Grid, Tech Mahindra, HCL Tech, Mahindra & Mahindra, and JSW Steel saw gains.
Among the 30 Sensex firms, Hindustan Unilever, UltraTech Cement, Kotak Mahindra Bank, IndusInd Bank, Titan, Nestle, Bajaj Finance, and Asian Paints were among the biggest laggards. In contrast, Tata Steel, Power Grid, Tech Mahindra, HCL Tech, Mahindra & Mahindra, and JSW Steel saw gains.
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