Sensex Recovery: Domestic equity benchmarks managed to finish a volatile session in the green on Thursday amid strong buying across sectors, though investors remained cautious weighing the potential impact of ongoing tariff jitters after US President Donald Trump doubled a duty on goods imported from India to 50 per cent. An intraday recovery was aided by strong buying in financial, IT and auto shares, given the indices began the day in the red. Both headline indices settled with gains of 0.1 per cent. 

The Sensex added 79.3 points to end at 80,623.3 while the Nifty50 gained 22 points to close at 24,596.2. During the session, the 30-scrip index circles in a more-than-900-point range around the flatline, spending much of the day in red territory, while the Nifty largely moved within the 24,350-24,650 band. 

Earnings remained in focus on Dalal Street, with blue-chips like Titan and LIC due to announce their quarterly numbers later in the day.

Top Nifty 50 gainers and losers 

Hero MotoCorp, Tech Mahindra, JSW Steel, Eternal and Wipro–closing between 1.2 per cent and 4.3 per cent higher–rose the most among the 31 gainers in the Nifty50 basket. 

On the other hand, Adani Enterprises, Adani Ports, Grasim, HUL and Trent–closing between 0.8 per cent and 2.4 per cent lower–were the top losers in the 50-blue-chip pack. 

Top Sensex movers

Among index heavyweights, HDFC Bank, Eternal and Infosys were the biggest contributors to the gains in both main indices, whereas ICICI Bank and M&M imparted the maximum pressure.

The Nifty Bank — whose 12 constituents include stocks like SBI and HDFC Bank — gained 110 points, or 0.2 per cent, for the day to settle at 55,521.2. HDFC Bank was the biggest boost for the banking index.

Midcap and smallcap stocks

Among broader indices, Nifty Midcap 100 and Nifty Smallcap 100 gained 0.3 per cent and 0.2 per cent, respectively. 

Overall market breadth was slightly skewed against the bulls, as 9 stocks rose against every 10 falling stocks on BSE. 

Latest in Trump Tariff Tantrum

Many analysts fear that the total duty of 50 per cent on India could significantly impact trade flows for the country, hurt its economic growth, and create ripples in its stock market, 

Global markets

European shares began the day on a strong note with the pan-continental Stoxx 600 index trading 0.8 per cent higher in the early hours, mirroring similar moves in other major Asian markets.

Dow futures were up more than 250 points, suggesting a positive start ahead on Wall Street.