Nifty 50, Sensex Today, Stock Market Live: Indian benchmark equity indices BSE Sensex and Nifty 50 tumbled at pre-open on Wednesday, after India retaliated by striking nine targets located in Pakistan and Pakistan occupied Jammu and Kashmir.

The Sensex was down 79.95 points or 0.10 per cent at 80,561.12, and the Nifty was down 14.55 points or 0.06 per cent at 24,365.05.

Among Sensex constituents, Tata Motors, State Bank of India, Bajaj Finance and HDFC Bank were the top gainers. Asian Paints, HCL Tech, Hindustan Unilever, Sun Pharma and Ultratech Cement were among the laggards falling up to 1.3 per cent.

In the broader markets, BSE Midcap index was up 0.44 per cent at opening while BSE Smallcap was down 0.04 per cent.

Among the sectoral indices, Nifty Auto, bank, energy, financial services, metal, realty opened in red while FMCG, IT, pharma, consumer durables and oil & gas were trading in red.

Market View | VK Vijayakumar, Chief Investment Strategist, Geojit Investments

“What stands out in “Operation Sindoor” from the market perspective is its focused and non-escalatory nature. We have to wait and watch how the enemy reacts to this precision strikes by India. The market is unlikely to be impacted by the retaliatory strike by India since that was known and discounted by the market. The main catalyst of the market resilience in India is the sustained FII buying of the last 14 trading days which has touched a cumulative figure of Rs 43940 crores in the cash market. FIIs are focused on the global macros like weak dollar, slower growth in US and China in 2025 and India’s potential outperformance in growth. This can keep the market resilient. However, investors have to watch the developments in the border. The big shift in market preference in favour of largecaps away from overvalued segments of mid and smallcaps is significant. FIIs, as always, are mainly buying largecaps. This trend can continue. ”

Foreign institutional investors (FIIs) bought equities worth Rs 3,795 crore on Tuesday, according to exchange data.

Global oil benchmark Brent crude rose 0.87 per cent to $62.69 a barrel.

US markets closed in the red on Tuesday. The Dow Jones fell by 0.95 per cent, S&P was down by 0.77 per cent and the Nasdaq slipped 0.87 per cent.