Markets trade lower in volatile trade ahead of U.S. Federal Reserve’s policy decision
The Hindu
Sensex and Nifty decline amid volatile trends as investors await U.S. Federal Reserve policy decision, India-Pak tensions impact market.
Benchmark indices Sensex and Nifty declined in early trade on Tuesday (May 6, 2025) facing volatile trends as investors preferred to stay on the sideline a day ahead of the U.S. Federal Reserve’s policy decision.
Also, range-bound trading prevailed in the markets amid escalating tensions between India and Pakistan following the April 22 terror attack in Pahalgam and concerns over U.S.-China trade negotiations.
The 30-share BSE benchmark gauge declined 100.4 points to 80,696.44 in early trade, despite a positive opening. The NSE Nifty dipped 40.15 points to 24,421.
From the Sensex firms, Titan, Sun Pharma, Eternal, Reliance Industries, Kotak Mahindra Bank and Bajaj Finance were among the laggards while Mahindra & Mahindra, Bharti Airtel, Nestle, Hindustan Unilever and Tata Steel were among the gainers.
"Sustained FII buying for the 13th day in a row, supported by weak dollar, has imparted resilience and support to the market despite the India-Pak tensions. But the uncertainty regarding the India-Pak tensions will keep the market range-bound in the near-term," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
In Asian market, Shanghai' SSE Composite index and Hong Kong's Hang Seng were trading higher. South Korea and Japanese markets were closed due to holidays.
U.S. markets ended in the negative territory on Monday (May 5).
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