Stock market today, 30 April 2026: The key benchmark indices of the Indian stock market finished higher on Wednesday.
The benchmark indices bounced back sharply, with the Nifty 50 index ending 182 points higher and the Sensex up by 609 points.
Among sectors, Realty and FMCG indices outperformed, rallying over 1.75%, while intraday profit booking was seen in selective PSU Banks and Media stocks.
Technically, after a promising intraday rally, the market saw profit-taking at higher levels.
However, the market's short-term outlook remains positive.What Gift Nifty signals?After the escalation in the US-Iran war and the US Fed leaving interest rates unchanged at 3.50% to 3.75%, the Gift Nifty index has opened to the downside, signalling a gap-down on Dalal Street.
The Gift Nifty live chart is currently trading red, down over 65 points from yesterday's close of 24,256.Expecting a gap-down opening for the Indian stock market today, Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth, said the Indian markets are likely to open on a muted note, with Gift Nifty indicating a flat start around the 24,150 zone.
While domestic indices are holding near key levels, the broader setup remains fragile, shaped by elevated oil prices, global uncertainty, and a high-impact event calendar.US Fed meeting outcomeJerome Powell's last policy meeting as the chairman of the US Federal Reserve concluded on expected lines- the Federal Open Market Committee (FOMC) decided to keep benchmark interest rates unchanged at 3.5%–3.75% for the third consecutive policy given the persisting uncertainty due to the US-Iran conflict.The FOMC voted 8-4 to hold the benchmark interest rate in a range steady and highlighted that inflation is elevated, reflecting the recent increase in global energy prices.
Economic growth, however, remains in good shape, and the job market is stable.Fed Chair Powell said it was his last meeting as the chairman, as his term expires on 15 May.
He said he "will continue to serve as a governor for a period of time to be determined."US-Iran latest newsAfter the US President Donald Trump showed unhappiness over the Iranian proposal, Iran goivernment said it won’t reopen the Strait of Hormuz unless the United States lifts its blockade and ends the war.
Trump wants a broader deal that would end Iran’s nuclear program and address other issues like its missile program and support for regional proxies.
Meanwhile, the continued closure of the strait has sent gas prices soaring and could cause further damage to the world economy.Earlier, the US President rejected Iran’s latest proposals, as they did not address their nuclear program, a US official said.
US Secretary of State Marco Rubio ruled out any deal that excludes Iran’s nuclear program, telling Fox News in an interview Monday, “We can’t let them get away with it.”“We have to ensure that any deal that is made, any agreement that is made, is one that definitively prevents them from sprinting towards a nuclear weapon at any point,” Rubio said.Crude oil price todayOil prices soared on....
