As investors rejoiced a US federal court’s decision to block President Donald Trump’s reciprocal tariffs on imports, Indian stock markets saw a quick gain after a two-day slump.
Thursday witnessed both BSE Sensex and NSE Nifty increasing by 0.39 per cent and 0.33 per cent respectively. While the 30-share BSE Sensex climbed 320.70 points to settle at 81,633.02, Nifty went up by 81.15 points to end at 24,833.60. BSE’s intraday dealings had earlier seen a jump of 504.57 points or 0.62 per cent.
Among Sensex firms, IndusInd Bank climbed 2.41 per cent a day after markets regulator SEBI barred its former CEO, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank’s shares.
Sun Pharma, Adani Ports, Eternal, Tata Steel, Tech Mahindra and Axis Bank were also among the gainers, while Bajaj Finance, ITC, Bajaj Finserv and Asian Paints were among the laggards.
“Global sentiment improved after a US court struck down Trump’s reciprocal tax policy. However, the domestic market remained mostly rangebound during the day due to rising oil prices and higher US 10-year bond yields. Some recovery was seen toward the end of the session, driven by F&O expiry-led covering.
Export-focused sectors like IT and Pharma performed well, supported by hopes of easing trade tensions,” Vinod Nair, head of research, Geojit Investments Limited, said.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng settled in positive territory.
Markets in Europe were also trading higher, but the US markets ended lower on Wednesday.
Foreign Institutional Investors (FIIs) bought equities worth ₹4,662.92 crore on Wednesday, according to exchange data.
India’s industrial production growth slowed to 2.7 per cent in April 2025 due to poor performance of manufacturing, mining and power sectors, according to official data released on Wednesday.
Global oil benchmark Brent crude jumped 1.42 per cent to USD 65.82 a barrel.
The 30-share BSE barometer had declined 239.31 points or 0.29 per cent to settle at 81,312.32 on Wednesday. The Nifty had dropped 73.75 points or 0.30 per cent to 24,752.45.
Follow us
