Share Market Opening Bell: Domestic stock market recovered after slipping, gains continue; Buying visible in Sensex-Nifty

New Delhi| After two days of gains, the domestic stock market started on the red mark on Wednesday. Sensex fell 232.51 points to 80,055.87 in early trade, while Nifty fell 67.15 points to 24,268.80. However, after some time the market came on the green mark.

The rupee fell 19 paise to 85.15 against the dollar
The rupee fell 19 paise to 85.15 against the US dollar in early trade on Wednesday. This is due to new geopolitical tensions and increasing demand for the US dollar, which increased pressure on the local unit.

Forex traders said geopolitical tensions between India and Pakistan have created a risk-reducing sentiment in the market, leading to weakness in the rupee.

However, foreign capital inflows and crude oil prices dampened the decline of the domestic currency. In the interbank foreign exchange market the domestic currency opened at 85.15 against the dollar, representing a fall of 19 paise from the previous closing price. On Tuesday, the rupee closed 27 paise higher at 84.96 against the US dollar.

Such was the market movement
Equity benchmark indices Sensex and Nifty regained momentum after falling in early trade on Wednesday. The stock market opened on a negative trend amid continuous inflow of foreign funds and rise in American markets. However, he later got back on track. The 30-share BSE benchmark index fell 232.51 points to 80,055.87 in early trade. NSE Nifty fell 67.15 points to 24,268.80 points. Later both the benchmark indices bounced back and started trading in a positive range. Sensex was trading up 76.72 points at 80,365.10 and Nifty was trading up 23.30 points at 24,359.25.

Bajaj Finserv declined by six percent
Among Sensex companies, Bajaj Finserv fell by six per cent, while Bajaj Finance saw a decline of more than four per cent. Bajaj Finserv Ltd (BFL) on Tuesday reported a 14 per cent rise in consolidated net profit to Rs 2,417 crore for the fourth quarter ended March 2025.

Who benefits and who suffers?
Tata Motors, IndusInd Bank, State Bank of India and UltraTech Cement were among the stocks seen lagging behind the 30-share pack. Power Grid, Hindustan Unilever, HDFC Bank, NTPC, Mahindra & Mahindra and Maruti were among the gainers. Foreign institutional investors (FIIs) bought shares worth Rs 2,385.61 crore on Tuesday, according to exchange data.

Condition of Asian and American markets
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 were trading higher. US markets closed in positive territory on Tuesday.