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India-US trade talks, global cues, US-China negotiations, institutional flows, and US May inflation data are likely to guide the Sensex and Nifty today
Stock Market Today
Sensex Today: Equity benchmark indices—Sensex and Nifty—opened on a subdued note today as Indian stocks consolidated. The BSE benchmark index was trading at 82,422, up 30 points or 0.04%, while the NSE Nifty was at 25,112, up 7 points or 0.03%.
Broader market indices fared slightly better, with the Nifty MidCap and Nifty SmallCap indices up 0.17% and 0.18%, respectively.
Among sectoral indices, Nifty Metal, Auto, and Pharma were top gainers, each rising by 0.2%, while Nifty FMCG was the biggest loser, down 0.33%.
Liquor Stocks in Focus
Liquor stocks, including United Breweries, United Spirits, and Allied Blenders, fell up to 6% after the Maharashtra government approved a steep excise duty hike on liquor, along with new reforms to tighten control and enhance tax revenue.
On the flip side, Sula Vineyards and GM Breweries witnessed gains of up to 14%. The state government introduced a new category—Maharashtra-made liquor (MML)—to be manufactured exclusively by local players who must register new brands under this category.
Global Cues
Asia-Pacific markets were trading higher on Wednesday as investors closely watched the ongoing US-China trade negotiations. US Commerce Secretary Howard Lutnick described the discussions as “productive,” with talks between officials from both countries entering a second day in London on Tuesday.
Although US Treasury Secretary Scott Bessent has exited the talks, Commerce Secretary Lutnick and US Trade Representative Jamieson Greer are expected to continue the negotiations, which could extend into Wednesday if needed.
In the region, Japan’s Nikkei rose 0.33%, while the broader Topix index edged up 0.014%. South Korea’s Kospi gained 0.56%, and Australia’s AX200 was up 0.36%.
Meanwhile, US stock futures remained steady during early Asian trading hours as investors awaited updates from the trade discussions and the upcoming US inflation data for May.
Overnight in the US, equities extended their gains on optimism surrounding the trade negotiations. The Dow Jones Industrial Average rose 0.25%, the S&P 500 climbed 0.55%, and the Nasdaq gained 0.63%, marking a third straight session of gains for both the S&P 500 and Nasdaq.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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