Indian equity markets closed the session on a positive note, recovering sharply from the day’s low in the last hour of the trade after the US President Donald Trump imposed additional 25% tariffs on Indian imports. The Nifty 50 closed the session over 22 points higher, ending just below 24,600, and the Sensex closed the day 80 points or 0.10% higher at 80,623 after showing a steep 700 points recovery.
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The Nifty Bank settled 110 points or 0.20% higher at 55,521. The midcap stocks outperformed the overall market. The BSE Midcap surged 137 points, or 0.30%, higher at 45,279.07. On the other hand, the BSE Smallcap fell 92 points to finish at 52,136.33.
“Domestic equities recovered sharply from the intraday lows amid a volatile weekly expiry day. Although the earlier trade was weighed down by broad-based selling following steep US tariff hikes on India, sentiment improved toward the close as reports of potential peace talks involving Trump, Putin, and Zelensky raised hopes of a softer US stance on trade. This renewed optimism triggered a strong rebound in the auto, pharma, metals, and energy sectors and aided the market in recalling its trajectory and concluding in the green,” said Vinod Nair, Head of Research at Geojit Investments.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Thursday’s session on a positive note. During the session, out of 3,071 trading stocks, 846 advanced, while 2,128 declined, and 97 remained unchanged. Today, 35 stocks hit a fresh 52-week high. Meanwhile, 85 stocks touched a new 52-week low.
Top gainers
Hero MotoCorp was the top gainer in the Nifty 50 in Thursday’s session, closing 4.3% higher. It was followed by Tech Mahindra, JSW Steel, Zomato, and Wipro.
Top losers
Adani Enterprises’ shares were the biggest losers in today’s trade, declining 2.4%. It was followed by Adani Ports and SEZ, Grasim Industries, Hindustan Unilever, Trent, and many others.
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The Fertilisers sector’s stocks fell the most in Thursday’s trade,
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