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Indian stock market ended almost flat on Tuesday, April 29, as gains in shares of heavyweights such as Reliance Industries and Infosys were largely offset by losses in those of HDFC Bank, Sun Pharma and Kotak Mahindra Bank. The Sensex ended the day slightly higher by 70 points, or 0.09 per cent, at 80,288.38, while the Nifty 50 settled at 24,335.95, up 7 points, or 0.03 per cent. The mid and small-cap segments also saw nominal gains. The BSE Midcap index rose 0.23 per cent, while the Smallcap index inched up by 0.09 per cent.

Let's take a look at 10 key highlights of the stock market today:

Profit booking in select heavyweights amid a lack of fresh triggers, mixed global cues, and persisting geopolitical concerns capped the market's gains.

There are clear signs of trade tensions easing as US President Donald Trump signalled that trade negotiations were continuing with major trading partners. According to Reuters, the Trump administration said it plans to reduce the impact of auto tariffs.

The market appears to have largely priced in a less severe tariff regime, which may not be as detrimental to global economic growth as previously perceived.

The focus is now on the ongoing earnings season and the upcoming macroeconomic reports. Evolving situations between India and Pakistan remain on market participants' radars.

"The national market exhibited largely range-bound oscillation, as caution prevailed amid geopolitical concerns over border tensions. The sustained inflows from FIIS (foreign institutional investors) supported market sentiment and restricted further pessimism," said Vinod Nair, Head of Research, Geojit Investments Limited.

"Mixed Q4 results have raised the risk of downward revisions to FY26 projections. In combination with apprehensions surrounding potential retaliatory actions, these developments may lead to some consolidation in the near term," said Nair.

Shares of Trent (up 5.77 per cent), Bharat Electronics (up 3.97 per cent) and Tech Mahindra (up 2.29 per cent) ended as the top gainers.

As many as 31 stocks ended in the red in the Nifty 50 index today. Shares of Sun Pharmaceutical Industries (down 2.25 per cent), UltraTech Cement (down 2.18 per cent) and Coal India (down 2.13 per cent) ended as the top losers.

While most sectoral indices ended in the red, the Nifty IT index jumped 1.23 per cent amid easing trade war tensions.

Nifty Pharma, on the other hand, fell 1.06 per cent, followed by Nifty Metal (down 0.95 per cent). Nifty Bank slipped 0.07 per cent, while the Financial Services index dropped 0.37 per cent.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

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