Indian equities in Wednesday’s trade (April 9, 2025) ended lower despite RBI’s rate cut on expected lines. At the close, NSE’s Nifty50 declined 0.61 per cent or 136.7 points to 22,399.15, while the 30-share BSE Sensex fell 0.51 per cent or 379.93 points to 73,847.15.
Meanwhile, within the broader markets, smallcaps underperformed the headline indices, with Nifty Smallcap 100 losing as much as 0.9 per cent.
Bank Nifty, however, also fell over 0.5 per cent with stocks like SBI, Axis Bank, HDFC Bank and Bank of Baroda among others.
From the Nifty50 pack, top gainers included stocks like Nestle, Hindustan Unilever, Tata Consumer Products, Titan and Power Grid Corporation, while laggards were stocks like Wipro, L&T, SBI, Trent and Tech Mahindra among others.
Sectoral performance
Amid mostly across-the-board sell-off, only FMCG, auto and consumer durables gained with the FMCG gauge leading the gains. However, laggards included sectors like PSU Bank and IT among others.
The IT index was dragged lower- with Nifty IT stocks slipping up to 5 per cent- ahead of the Q4 earnings by IT bellwether tomorrow.
European markets
Amid trade tariff impact, European markets fell sharp with the major indices down up to 3 per cent. The dent is largely as Donald Trump’s reciprocal tariffs come into effect.
