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Stock Market Live Updates: Nifty Ends At 24,812, Sensex Dips 138 Pts; TCS, Adani Ports Top Losers

The Sensex and Nifty moved in a tight range during the afternoon session as most traders stayed cautious. Investors are closely watching the ongoing Israel-Iran conflict and waiting for the U.S. Federal Reserve's policy decision expected later today.

Sensex closes at 81,444.66 down 138.64 pts points or 0.17 per cent while Nifty50 closed at 24,812 . 05, down 41.35 points or 0.17 per cent. The Midcap index dropped by 270 points to 58,109, showing weakness in mid-sized stocks and keeping the overall market tilted toward declines.

TCS, Adani Ports, Nestle India, JSW Steel are among the among top Nifty50 losers in closing trade falling over 1%. While, Indusind Bank, Titan, Trent, Maruti were among the top gainers rising over 1% amid market pressure.

Oil marketing companies such as IOC, BPCL, and HPCL recovered from early losses as crude oil prices eased.

Post a weak start in early trade, both benchmark indices rebounded sharply by 10 AM on Wednesday. The Sensex rose by 151.70 points or 0.19% to trade at 81,735.00, while the Nifty 50 gained 58.55 points or 0.24% to reach 24,911.95. IndusInd Bank, Mahindra & Mahindra (M&M), Maruti Suzuki, and BSE Ltd among the most active stocks.

The stock market is expected to see a muted start on Wednesday, after a volatile session on Tuesday. According to early trends in the GIFT Nifty, Nifty futures were trading around 24,826 slightly higher by 0.11% as of 8:00 AM indicating a flat-to-negative opening for domestic indices.

On Tuesday, benchmark indices ended lower as Sensex declined by 0.26%, or 212.88 points, to close at 81,583.30, while the Nifty50 fell 93.10 points or 0.37% to settle at 24,853.40. Broader markets also showed weakness, with mid-cap and small-cap indices slipping in line with frontline stocks.

US stock markets ended in the red overnight as investors grew nervous amid rising geopolitical tensions in the Middle East. The escalation between Israel and Iran incresed he Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all ended nearly 1% lower on Tuesday. All eyes will be on US Federal Reserve Chair Jerome Powell as the Federal Open Market Committee (FOMC) is set to announce its interest rate decision late tonight

Stock Market Live Updates

Asian markets are also trading mixed this morning ,Japan's Nikkei and Hong Kong's Hang Seng have opened flat to slightly lower, while China's Shanghai Composite is showing mild gains.

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