Overview
- The BSE Sensex climbed roughly 230 points to 80,967 and the NSE Nifty gained about 70 points to 24,613 on Wednesday, reversing a three-day decline.
- Foreign portfolio investors sold ₹2,853.83 crore of equities on Tuesday while domestic institutions purchased ₹5,907.97 crore, according to provisional NSE data.
- Uncertainty driven by US President Donald Trump’s increase of steel and aluminium tariffs to 50% from June 4 has kept market moves range-bound.
- Traders are positioning ahead of the Reserve Bank of India’s monetary policy meeting on June 6, with a rate cut seen as a key possibility.
- Analysts point to India’s robust macroeconomic indicators and sustained mutual fund inflows as factors cushioning the market against global headwinds.