Domestic equity benchmarks recovered much of intraday gains in a volatile session on Thursday as investors read incoming results and trade-related announcements, a day after US President Donald Trump said Indian goods will attract a 25 per cent tariff when imported into the world’s largest economy. Investors continued to read incoming corporate earnings from India Inc for domestic cues. 

Both headline indices fell 0.4 per cent for the day. The Sensex ended 296.3 points lower at 81,185.6 while the Nifty50 gave up 86.7 points to settle at 24,768.4.

Adani Enterprises, Tata Steel, Sun Pharma, Dr Reddy’s and NTPC–closing between 1.5 per cent and 4.1 per cent lower–were the worst hit among the 36 laggards in the Nifty50 basket. 

On the other hand, HUL, Jio Financial Services, JSW Steel, Eternal and Kotak Mahindra Bank–rising between 1.0 per cent and 3.6 per cent for the day–were the top gainers in the 50-blue-chip basket.

RIL, HDFC Bank, Bharti Airtel and L&T were the biggest contributors to the losses in both main gauges.