Selling pressure in several blue-chip stocks dragged the market lower. Among the top losers in the Nifty 50 were Axis Bank, Mahindra & Mahindra and Bajaj Finance, each falling more than 3%. Other major laggards included HDFC Bank, Bajaj Auto and Bajaj Finserv.
Tata Steel, HCL Tech, Ultratech Cement, BEL, Sun Pharma, Eternal, Trent, TCS, Kotak Bank, L&T, Infosys, Hindustan Unilever, and NTPC were the top gainers from the Sensex basket. Axis Bank, Titan and HDFC Bank settled lower.
The Sensex rose 136 points, or 0.17 per cent, to close at 81,926, while the Nifty ended 30.65 points, or 0.12 per cent, higher at 25,108.3.
US President Donald Trump's 25 percent tariff announcement has triggered widespread concern among investors and raised fears of a slowdown in exports and overall business sentiment.
On the sectoral front, auto, pharma, FMCG, metal, realty, energy, infra and PSE were major gainers, while IT, PSU bank, financial services and media were major losers.
Investor sentiment was also hit by a sharp selloff in IT stocks after Tata Consultancy Services (TCS) reported weaker-than-expected earnings for the first quarter (Q1) of FY25.
At around 9.28 am, Sensex was trading 75.59 points or 0.09 per cent down at 83,357.30 while the Nifty declined 18.25 points or 0.07 per cent at 25,442.75.
The Sensex touched an intra-day high of 83,850 in early trade but eventually closed 170.22 points or 0.2 per cent lower at 83,239.7. Similarly, the Nifty also slipped by 48.1 points or 0.19 per cent, settling at 25,405.3 by the end of the session.
The Sensex climbed 303.03 points, or 0.36 per cent, to close at 84,058.90. It traded within a range of 83,645.41 to 84,089.35 during the day.
At around 9.25 am, Sensex was trading 228.15 points or 0.28 per cent up at 81,590.02 while the Nifty added 55.10 point or 0.22 per cent at 24,848.35
At around 9.29 am, Sensex was trading 231.64 points or 0.28 per cent down at 82,299.10, while the Nifty declined 49,95 point or 0.20 per cent at 25,012.15.
The Nifty index also saw strong gains, closing above the 25,000 mark for the first time after October 2024, ending at 25,062.10.
Buying was seen in the largecap and midcap stocks. Nifty midcap 100 index was up 166 points or 0.30 per cent at 54,445 and Nifty smallcap 100 index was up 132 points or 0.81 per cent at 16,550.
Equity markets NSE and will BSE will remain closed on Wednesday (May 1) on account of Maharashtra day, the holiday calendar available on the BSE showed.
The Sensex began the day with a strong start, opening 320 points higher at 79,728. However, it soon slipped into the red, touching a low of 79,253, as investor sentiment was affected by steep losses in the US markets overnight.
On Good Friday, trading will be suspended on major platforms including the BSE and NSE stock exchanges, as well as the commodity exchanges MCX and NCDEX, and the bond markets.
On Good Friday, trading will be suspended on major platforms including the BSE and NSE stock exchanges, as well as the commodity exchanges MCX and NCDEX, and the bond markets.
After two days of sharp rally, the 30-share BSE benchmark Sensex declined 165.3 points to 76,569.59 in early trade. The NSE Nifty dipped 51.55 points to 23,277.
All the sectoral indices traded in the green, with Nifty Auto jumping nearly three per cent to lead the pack. The Nifty Bank index soared two percent, while the IT, pharma, and metal indices also recorded strong gains.
The 30-share BSE Sensex jumped 1,089.18 points or 1.49 per cent to settle at 74,227.08 with 29 of its components ending in the green. During the day, it climbed 1,721.49 points or 2.35 per cent to 74,859.39.
Above-average reservoir levels, increasing rural wages, lower tax rates and an improving job market are positives for the urban and rural economies, said the report by JM Financial Institutional Services.
The 30-share BSE Sensex climbed 317.93 points or 0.41 per cent to settle at 77,606.43 amid the monthly derivative contracts expiry day. During the day, it surged 458.96 points or 0.59 per cent to 77,747.46.