Market Resilience in the Face of Geopolitical Tensions

After an initial plunge of 700 points following news of India's Operation Sindoor, the Sensex showcased remarkable resilience, closing 106 points higher at 80,747. Similarly, the NSE Nifty recovered to end the day 35 points up at 24,414, buoyed by significant institutional buying.

Institutional Buying Powers the Recovery

Foreign and domestic funds played a pivotal role in the market's turnaround, with net inflows of Rs 2,586 crore and Rs 2,378 crore, respectively. This institutional support underscored the market's underlying strength despite geopolitical uncertainties.

Expert Insights on Market Dynamics

Prashanth Tapse of Mehta Equities noted the market's ability to shrug off initial uncertainties, attributing the day's gains to investor confidence in the face of ongoing tensions. However, he cautioned about potential choppy sessions ahead, given the volatile geopolitical landscape.

Stock-Specific Movements Highlight Market Activity

Among the Sensex constituents, HDFC Bank and Tata Motors led the gainers, while Reliance Industries and ITC weighed on the index. The day's trading added approximately Rs 2.2 lakh crore to investors' wealth, reflecting the market's robust performance.