Benchmark indices ended marginally lower on Wednesday after a volatile trading session, with the IT sector weighing heavily on market performance while banking and auto stocks provided some support. The Sensex closed at 74,029.76, down by 72.56 points or 0.10 per cent, while the Nifty 50 slipped 27.40 points or 0.12 per cent to end at 22,470.50.
Markets opened on a positive note but faced selling pressure in the first half of the session before staging a recovery in the latter part of the day. The initial selloff was attributed to negative global cues, particularly concerns over U.S. trade policies following President Trump’s warning about potentially doubling tariffs on Canadian steel and aluminum.
Top gainers
IndusInd Bank led the advances, surging 4.38 per cent to ₹684.70, driven by strong buying interest in banking stocks. Tata Motors followed, gaining 3.18 per cent to ₹668.45, supported by robust demand in the auto sector.
Kotak Mahindra Bank added 2.45 per cent, closing at ₹1,982.40, while Bajaj Finance climbed 1.77 per cent to ₹8,490.05. HDFC Bank rounded off the top five gainers, rising 1.60 per cent to ₹1,711.85.
Top losers
The IT sector bore the brunt of the selling pressure, with Infosys emerging as the biggest laggard, dropping 4.28 per cent to ₹1,589.60. Tech Mahindra declined 2.80 per cent to ₹1,437.80, while Nestlé India lost 2.43 per cent, closing at ₹2,196.50.
TCS fell 1.99 per cent to ₹3,503.60, and HCL Technologies slipped 1.91 per cent to ₹1,538.20, completing the list of top losers.
The day’s movements reflected sectoral divergence, with banking and auto stocks cushioning the broader market against losses in IT. Analysts expect market volatility to persist amid global uncertainties.
