The BSE Sensex opened strong, up by 262 points at 76,996, but briefly dipped into the red due to weak cues from Asian markets, especially amid escalating US-China trade tensions.
However, the index recovered as the day progressed, gaining 309 points to close at 77,044. This marks the third consecutive day of gains for the Sensex, adding a total of 3,197 points over the last three sessions.
Similarly, the NSE Nifty followed the upward trend, initially hitting a low of 23,273, but eventually surged to a high of 23,452, closing at 23,433 — up 104.60 points, or 0.45%. Over the last three days, Nifty has gained 1,038 points, indicating strong investor sentiment and buying activity.
Impact on the stock market
Financial stocks were the clear winners today, led by private banks like IndusInd Bank and Axis Bank, both of which gained over 4% each.
Oil & gas stocks also saw positive movement, with select names contributing to the overall index rise.
The Broader Market showed strength, as both the BSE MidCap and SmallCap indices outperformed the benchmark, with the MidCap rising by 0.6% and the SmallCap adding 0.9%.
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| Sector/Index | Performance |
| IT & BPM sector | 0.06% |
| Healthcare sector | -0.18% |
| Oil & Gas sector | 1.33% |
| Real estate sector | 0.72% |
| PSU Bank in India | 2.37% |
Top gainers today
| Company | Price | Change % |
| IndusInd Bank Share Price | 788.25 | 7.11 |
| Axis Bank Share Price | 1,161.30 | 4.36 |
| ONGC Share Price | 241.22 | 3.67 |
| Trent Share Price | 5,035.50 | 3.25 |
| Asian Paints Share Price | 2,459.90 | 1.83 |
Top losers today
| Company | Price | Change % |
| Maruti Suzuki Share Price | 11,664.00 | -1.61 |
| Hindalco Share Price | 609.90 | -1.25 |
| Tata Motors Share Price | 616.05 | -0.99 |
| Larsen Share Price | 3,227.70 | -0.92 |
| Bajaj Finance Share Price | 9,056.50 | -0.92 |
Market aftermath: Impact on stocks
IndusInd Bank share jumps nearly 7%
IndusInd Bank saw a remarkable jump of nearly 7% after the bank’s internal review of its derivatives portfolio identified discrepancies that were pegged at a lower value than initially feared.Â
The external validation by PwC boosted investor confidence, sending the stock to new highs for the day. The rally was backed by positive sentiment surrounding the private banking sector, which continued to lead the market.
Bajaj Electricals: Lighting up the market
Shares of Bajaj Electricals surged by 7% after the company announced an exclusive partnership with SEAK, a Slovak company known for its lighting control products. The collaboration will focus on leveraging SEAK’s technology for lighting control and tunnel lighting projects in India and other countries.Â
This tie-up is expected to help Bajaj Electricals expand its foothold in the growing infrastructure and lighting sector. Notably, lighting solutions accounted for 20% of Bajaj Electricals’ Q3FY25 revenue, and the company’s involvement in projects like Wankhede Stadium and Maha Kumbh street lighting highlights its expertise in the sector.
Also read: Bajaj Electricals’ Q4 results: What led to the profit decline?
Landmark Cars: Positive Q4 update
Landmark Cars saw its shares rise by 3% after announcing a positive business update for Q4FY25. The company reported a 17.3% YoY increase in Q4 revenue, driven by strong vehicle sales.
Landmark Cars also saw a 21.1% jump in vehicle sales for Q4, as demand for models like Mercedes-Benz and Kia continued to rise. Despite challenges in its pre-owned vehicle segment, Landmark remains optimistic about its future growth prospects, particularly in its after-sales business.
Crude Oil and Global Energy Concerns
On the global energy front, crude oil futures saw a decline following a report by the International Energy Agency (IEA), which downgraded its oil demand forecast for 2025 and 2026. The IEA’s revised forecast comes as escalating trade tensions and recession fears weigh on global economic activity. This downgrade contributed to the decline in oil prices, which fell by around $10 per barrel in March and early April.
As of early trading on Wednesday, Brent crude futures were priced at $64.50, down 0.26%, while WTI crude was at $61.19, also down by 0.23%. These declines reflect concerns over global oil demand and the ongoing trade disputes that have clouded market sentiment.
Key oil prices today:
- Brent Crude: $64.50 (-0.26%)
- WTI Crude: $61.19 (-0.23%)
- MCX Crude (April): ₹5241 (-0.47%)
Despite concerns over trade wars and oil demand, the Chinese economy showed signs of improvement, with industrial production rising by 7.7% YoY in March 2025, which partially mitigated the bearish sentiment in the oil market.
Conclusion
Today’s market session concluded on a positive note, with major indices closing higher despite global uncertainties. The Sensex and Nifty both ended in the green, and there was broad-based buying in financial stocks, which helped offset the weak performance in the metal and oil sectors.
The US-China trade war continues to cast a shadow over the global markets, but India’s domestic market appears to be holding steady, aided by strong corporate earnings and sector-specific growth. IndusInd Bank and Bajaj Electricals were standouts today, while metal stocks and crude oil faced downward pressure due to external factors.
Overall, the market is experiencing positive momentum, but external risks such as global trade tensions and commodity price fluctuations remain key factors to watch. Investors should stay alert and focus on domestic growth drivers while keeping an eye on international developments that could impact global sentiment.
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