Markets recover early lost ground; trade higher on foreign fund inflows

Tata Motors, IndusInd Bank, State Bank of India and UltraTech Cement were among the other laggards from the Sensex. File
| Photo Credit: The Hindu

Equity benchmark indices Sensex and Nifty bounced back after falling in early trade on Wednesday (April 30, 2025) amid sustained foreign fund inflows and a rally in the U.S. 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% while Bajaj Finance tanked more than 4%.

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, 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.

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.

“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% in April. This underscores the importance of not panicking during a crisis,” V.K. 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 ₹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,” Mr. Vijayakumar added.

Global oil benchmark Brent crude declined 1% to $63.61 a barrel.

The BSE benchmark Sensex 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.