Indian headline indices wrapped up the day on a positive note. The Sensex ended the session at 81,548.73, up 0.15%, while the Nifty settled at 25,005.50, also higher by 0.13%. The Nifty Bank closed the day at 54,669.60, a gain of 0.24%.
The Indian rupee slipped 34 paise on Thursday to close at 88.44 per dollar, compared with the previous day’s close of 88.10.
“The Nifty50 index has closed above the critical threshold of 25,000. The unexpected imposition of a 50% tariff on India by the US initially dragged the main index down to 24,400. However, the index has been steadily recovering from this decline. This resurgence can be attributed to several factors like expectation of limited impact on the domestic economy, the Indian government’s robust strategic response to US long-term policies, and the announcement of significant domestic reforms, such as the GST, to mitigate trade-related repercussions,” said Vinod Nair, Head of Research, Geojit Investments.
Let’s take a look at the key highlights of today’s taring session-
Top gainers of the day
Among the Sensex 30 pack, NTPC and PowerGrid were the biggest movers. Axis Bank and Bharti Airtel also added momentum to the rally among other stocks.
Stocks under pressure: Key laggards
Infosys and Hindustan Unilever dragged on the IT and FMCG spaces, while Titan and UltraTech Cement slipped 1% each, respectively.
Energy shines, IT and auto in the red
Sectoral performance was mixed. Energy, PSU banks, oil & gas, and media indices advanced between 1–1.5%. In contrast, the IT and auto indices ended lower.
Top sectors in Thursday’s trade
The electric equipment sector led the gains with a rise of 1.7%, followed closely by metals–non ferrous at 1.6%. Alcoholic beverages added 1% and also plastics posted a gain of 1%.
Best and worst performing business group
Several major business groups saw notable moves today. Essel Group gained about 2%, while Garware Group and Vedanta Group also advanced nearly 2%. Shriram Group added close to 2% as well. On the flip side, CK Birla Group, Lakshmi Group Coimbatore, and IIFL Group each slipped around 2%, showing some pressure in their counters.