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Indian equity indices ended marginally lower in the volatile session on April 30. At close, the Sensex was down 46.14 points or 0.06 percent at 80,242.24, and the Nifty was down 1.75 points or 0.01 percent at 24,334.20.

We wrap up today's edition of the Moneycontrol live market blog, and will be back Friday morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Today, the benchmark indices witnessed profit booking at higher levels. The Nifty ends 2 points lower, while the Sensex was down by 46 points. Among sectors, Capital Market, PSU Bank, Media, and Defense indices corrected sharply, shedding over 2 percent, whereas the Realty index gained 1.21 percent. Technically, the market is consistently facing selling pressure near the 24,450/80500 resistance zone, and it also formed a double top pattern on intraday charts, which supports temporary weakness from the current levels.

We believe that as long as the market trades below 24,450/80500, the weak sentiment is likely to continue. On the downside, the market could retest the 24,000/79300 level. Further downward movement may also continue, potentially dragging the index to 23,900/79000. On the flip side, a dismissal of the 24,450/80500 level could change the sentiment. Above this level, the market could move up to 24,600-24700/81000-81300.

Markets remained subdued for yet another session and ended largely flat. After a muted start, the Nifty traded within a narrow range on the weekly expiry day and eventually settled at 24,334. Sectoral trends were mixed, with realty and pharma showing strength, while energy and banking edged lower. Pressure was more pronounced in the broader markets, as the mid-cap and small-cap indices declined between 0.9% and 2%.

The index is currently in a consolidation phase, facing resistance near the 24,400 marks. However, rotational buying in heavyweight stocks across sectors is helping to cushion the downside. Looking ahead, markets will take cues from global developments on Friday, particularly U.S. GDP data and corporate earnings. In this context, we continue to recommend a stock-specific trading approach, with a focus on buy-side opportunities.

The broad market performed well this month, driven by reduced tariff risks, a potential US-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.

Explaining why he believes this change could take place, Shvets compared India to the United States. Like US, he noted, India is aiding labour, capital, and growing multi-factor productivity which cannot take place in other western countries like UK, Canada or even Japan. This he believes can give India a "very strong structural backbone". ...

The Nifty continues to consolidate within a narrow range as traders preferred to remain on the sidelines ahead of the holiday. However, with the index sustaining above the critical 20 EMA on the daily timeframe, the bullish trend remains intact. Momentum also remains strong, with the RSI holding above 50 and showing a bullish crossover. On the higher end, resistance is placed at 24,550 — a sustained move above this level could trigger a decent rally in the market. On the lower end, support is seen at 24,200.

Today, the Indian stock market closed with a modest downside as the Sensex fell by around 46 points and the Nifty ending near 24,334. The market faced pressure primarily due to growing geopolitical tensions along the India-Pakistan border, which weighed on investor sentiment and led to cautious trading throughout the day. Investors are closely watching upcoming corporate earnings, alongside developments in US-India trade talks and geopolitical tensions. Overall, the market is expected to remain volatile, driven by global trade developments and domestic geopolitical factors.

Indian rupee ended 76 paise higher at 84.49 per dollar on Wednesday against Tuesday's close of 85.25.

Indian equity indices ended marginally lower in the volatile session on April 30.

At close, the Sensex was down 46.14 points or 0.06 percent at 80,242.24, and the Nifty was down 1.75 points or 0.01 percent at 24,334.20. About 938 shares advanced, 2828 shares declined, and 141 shares unchanged.

Maruti Suzuki, HDFC Life, Bharti Airtel, SBI Life Insurance, Power Grid Corp were among major gainers on the Nifty, while losers were Bajaj Finserv, Bajaj Finance, Trent, Tata Motors, SBI.

Among sectors, Realty index up nearly 2 percent and Telecom index up 1 percent, while media, PSU Bank indices down 2 percent each and IT, Bank, consumer durables, capital goods down 0.5 percent each.

BSE Midcap index fell 0.7 percent, BSE Smallcap index shed 1.7 percent.

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