New Delhi: Equity benchmark indices Sensex and Nifty bounced back after falling in early trade on Wednesday amid sustained foreign fund inflows and a rally in the US markets.
The 30-share BSE benchmark gauge declined 232.51 points to 80,055.87 in early trade. The NSE Nifty dipped 67.15 points to 24,268.80.
Later, both the benchmark indices recovered the early lost ground and were trading in the positive territory. The Sensex traded 76.72 points higher at 80,365.10, and the Nifty quoted 23.30 points up at 24,359.25.
From the Sensex firms, Bajaj Finserv dropped by 6 percent while Bajaj Finance tanked more than 4 percent.
Bajaj Finserv Ltd (BFL) on Tuesday reported a 14 percent increase in consolidated net profit to Rs 2,417 crore in the fourth quarter ended March 2025.
Meanwhile, NBFC firm Bajaj Finance on Tuesday reported a 16 percent rise in standalone net profit to Rs 3,940 crore in the March 2025 quarter.
Tata Motors, IndusInd Bank, State Bank of India and UltraTech Cement were among the other laggards from the 30-share pack.
Power Grid, Hindustan Unilever, HDFC Bank, NTPC, Mahindra & Mahindra and Maruti were among the gainers.
In Asian markets, South Korea's Kospi index and Shanghai SSE Composite were trading lower while Tokyo's Nikkei 225 and Hong Kong's Hang Seng traded higher.
US markets ended in the positive territory on Tuesday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 2,385.61 crore on Tuesday, according to exchange data.
"The surprising resilience of the market is significant. After the reciprocal tariff tantrums and the heightened tensions between India and Pakistan, Nifty is up 5 percent in April. This underscores the importance of not panicking during a crisis," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
The crucial support to the market is coming from the sustained FII inflows which have touched a cumulative figure of Rs 37,325 crore in the last 10 trading sessions, he noted.
"The weakness of the dollar and India’s economic resilience are supporting this FII’s India trade. This can continue," Vijayakumar added.
Global oil benchmark Brent crude declined 1 percent to USD 63.61 a barrel.
The BSE benchmark Sensex climbed 70.01 points or 0.09 percent to settle at 80,288.38 on Tuesday. The Nifty ended marginally up by 7.45 points or 0.03 percent to 24,335.95.
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