Stock market today: Nifty50 ends in red; BSE Sensex down over 280 points

Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, ended lower on Wednesday, reversing early gains due to selling in HDFC Bank, L&T and Reliance Industries shares as investors awaited the US tariff deadline. Market sentiment was affected by foreign investors' exit and varied global market performance.The NSE Nifty-50 fell by 88.40 points or 0.35 per cent, finishing at 25,453.40. The BSE Sensex initially rose but subsequently declined, closing 287.60 points or 0.34 per cent down at 83,409.69.Among Sensex constituents, Bajaj Finserv, Larsen & Toubro, Bajaj Finance, HDFC Bank, Bharat Electronics and Kotak Mahindra Bank were notable decliners.Conversely, Tata Steel, Asian Paints, UltraTech Cement, and Trent emerged as top gainers."Mixed global cues, particularly ahead of the impending tariff deadline, are driving investor caution. Market attention is gradually shifting to crucial Q1 earnings, which have high expectations."Underlying trends such as robust macroeconomic fundamentals and increased government expenditure continue to support market resilience. However, being at the breach level of the recent rally, a cautiousness is expected to continue in the near term," Vinod Nair, Head of Research, Geojit Investments Limited, said.India's manufacturing sector growth reached a 14-month peak of 58.4 in June, showing improved output and new orders, alongside record employment growth, according to a monthly survey released on Tuesday.The HSBC India Manufacturing Purchasing Managers' Index registered 57.6 in May.GST collections rose 6.2 per cent to over Rs 1.84 lakh crore in June, lower than the Rs 2 lakh crore collected in the previous two months.Collections stood at Rs 1.74 lakh crore in the same period last year, official data showed on Tuesday.Asian markets closed mixed, with South Korea's Kospi, Japan's Nikkei 225 and Shanghai's SSE Composite declining, while Hong Kong's Hang Seng advanced.European markets traded positively during mid-session. US markets showed mixed results on Tuesday.Brent crude, the global oil benchmark, rose 0.86 per cent to USD 67.69 per barrel.FIIs sold equities worth Rs 1,970.14 crore on Tuesday, according to exchange data.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)