Indian Stock Market Wrap: Nifty Flat, Sensex Slips While Broader Indices Rise

stock market

April 2, 2023

New Delhi, India

Market Highlights

In a day of mixed fortunes for investors, the Indian stock market witnessed a slight dip in benchmark indices while broader indices showed resilience, registering gains across sectors.

Market Highlights: The S&P BSE Sensex ended the day marginally lower, slipping by 111 points or 0.15%, closing at 73,904. Meanwhile, the Nifty50 closed near the 22,450 mark at 22,453, down by just 9 points or 0.04%. The decline was attributed to profit booking in heavyweight stocks such as ICICI Bank, L&T, Infosys, and others.

Sectoral Performance: Despite the slip in benchmark indices, broader markets held gains with the BSE MidCap and SmallCap indices recording little over 1% gains each. Notably, sectors like realty and metals performed well, with the Nifty Realty index hitting a 16-year high intraday before closing 0.8% higher, and the Nifty Metal index adding 1.36%.

Global Factors: The day’s trading was influenced by mixed global cues, profit-taking after a three-day rally, weak trends in US markets, and foreign fund outflows. Additionally, concerns about a delayed rate cut in the US prompted a drop in IT stocks following fresh US data.

Global Market Trends: While Indian markets witnessed a mixed performance, Asian markets remained largely positive, led by Hong Kong’s market as Xiaomi shares surged by 15%. However, international crude oil prices remained elevated due to tensions in the Middle East and positive manufacturing data.


Despite the slight dip in benchmark indices, the broader markets and certain sectors like realty and metals showed resilience, indicating investor confidence. The mixed performance of today’s Indian stock market underscores the importance of staying updated with global trends and market sentiments for investors.


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