Sensex Rebounds Strongly, Ends 80 Points Up After 925-pt Swing
Indian stock markets bounced back strongly on Thursday after falling sharply due to Trump’s new tariffs on India. Sensex closed 80 points higher, led by gains in auto and tech stocks.
Indian stock markets bounced back strongly on Thursday. | Markets are in a steady phase, like cricket’s middle overs.
Mumbai: A day after US President Donald Trump imposed an additional 25 percent tariff on Indian goods, Indian stock markets saw big ups and downs but ended on a positive note. The BSE Sensex recovered 925 points from the day’s low to close at 80,623.26, up 79.27 points (0.1 percent). The NSE Nifty also closed higher at 24,596.15, gaining 21.95 points (0.1 percent).
In early trade, markets opened in red due to fears around the new US tariffs. Around 1 pm, the Sensex dropped below 80,000, hitting a low of 79,811, and the Nifty hit 24,344, its lowest point of the day. However, markets rebounded strongly by the end of the session.
Vinod Nair of Geojit Financial said that the market improved in the second half after reports of possible peace talks involving Trump, Putin, and Zelensky. This raised hopes that the US might soften its stance on trade. Positive sentiment lifted key sectors like auto, pharma, metals, and energy, helping markets end in green.
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Out of the 30 Sensex stocks, 18 closed in green. Top gainers included Tech Mahindra, HCL Tech, Axis Bank, and HDFC Bank, with gains of up to 2.11 percent.
Big losers were Adani Ports, Trent, Hindustan Unilever, and M&M, with losses up to 1.55 percent.
In broader markets, the BSE Midcap Index rose 0.30 percent, while the Smallcap Index fell slightly by 0.18 percent.
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