Markets end flat in highly volatile trade as Bajaj twins, geopolitical tensions drag indices lower-OxBig News Network

FIIs bought equities worth Rs 2,385.61 crore on Tuesday, according to exchange data. File
| Photo Credit: PTI

Equity benchmark indices Sensex and Nifty ended flat in a highly volatile trade on Wednesday (April 30, 2025) after two days of rally amid growing concern over geopolitical tensions and selling in Bajaj twins.

Sustained foreign fund inflows, however, restricted the markets decline.

The 30-share BSE benchmark gauge declined 46.14 points or 0.06% to settle at 80,242.24. During the day, it hit a high of 80,525.61 and a low of 79,879.15, gyrating 646.46 points.

The NSE Nifty ended marginally lower by 1.75 points or 0.01% at 24,334.20.

From the Sensex firms, Bajaj Finserv dropped over 5%, while Bajaj Finance tanked almost 5% each.

Bajaj Finserv Ltd (BFL) on Tuesday (April 29, 2025) reported a 14% increase in consolidated net profit to ₹2,417 crore in the fourth quarter ended March 2025.

Meanwhile, NBFC firm Bajaj Finance on Tuesday (April 29, 2025) reported a 16% rise in standalone net profit to ₹3,940 crore in the March 2025 quarter.

Tata Motors, State Bank of India, UltraTech Cement, Tata Consultancy Services, Tata Steel and Asian Paints were among the other laggards from the 30-share pack.

Maruti, Bharti Airtel, Power Grid, Hindustan Unilever and HDFC Bank were among the gainers.

“The broad market performed well this month, driven by reduced tariff risks, a potential U.S.-India trade deal, and strong FII inflows. However, momentum is being capped by rising tensions between India and Pakistan and muted Q4 results. This negative bias is expected to persist in the near term, but the long-term outlook remains positive due to the minimal financial impact from the conflict. Consequently, any market consolidation is likely to be used as an investment opportunity,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi index and Shanghai SSE Composite settled lower while Tokyo’s Nikkei 225 and Hong Kong’s Hang Seng ended higher. Markets in Europe were quoting higher. U.S. markets ended in the positive territory on Tuesday (April 29, 2025).

Foreign Institutional Investors (FIIs) bought equities worth ₹2,385.61 crore on Tuesday (April 29, 2025), according to exchange data.

Global oil benchmark Brent crude declined 0.92% to $63.66 a barrel.

The BSE benchmark climbed 70.01 points or 0.09% to settle at 80,288.38 on Tuesday (April 29, 2025). The Nifty ended marginally up by 7.45 points or 0.03% to 24,335.95.

Equity markets will remain closed on Thursday (May 1, 2025) for ‘Maharashtra Day’.