Stock Market Update: Sensex and Nifty Flat Amid Mixed Sector Performance
On Wednesday, India’s equity benchmarks, the Sensex and Nifty, remained largely unchanged as gains in major stocks like Reliance Industries and Bharti Airtel helped offset losses in the IT sector. Both companies saw positive movement after announcing deals with Elon Musk’s SpaceX to bring Starlink’s internet services to India.
Sector Performance:
- Small- and Mid-Cap Stocks: Small- and mid-cap stocks saw modest gains, rising by about 0.2%, reflecting strength in more domestically-focused sectors.
- Sectoral Gains: Ten out of the 13 major sectors posted gains, while the IT sector faced notable declines.
Meanwhile, U.S. President Donald Trump’s brief move to double tariffs on Canadian steel and aluminum caused market turbulence. However, the reversal of this decision within hours led to rapid shifts in global financial markets, adding volatility to the day’s trading.
