Indian equity benchmarks closed Thursday’s session on a negative note as Trump’s tariff kicks in. The Nifty 50 closed the session 211 points or 0.85% lower at 24,500, and the Sensex corrected 706 points or 0.87% to end at 80,080. 

Similarly, the Nifty Bank was in line with the overall market, settling 630 points or 1.16% lower at 53,820. The midcap stocks also declined. The BSE Midcap declined 500 points, or 1.09%, at 44,826.24. On the other hand, the BSE Smallcap finished 500 points or 0.96% lower at 51,599.51.

“Domestic equities ended lower as pessimism took hold following the implementation of tariffs on Indian goods, dampening investor sentiments. While the cotton import duty exemption briefly lifted hopes of policy support to counter tariff impacts, triggering a short-lived intraday recovery, investor mood remained fragile, with large caps declining and mid and small caps underperforming amid risk-off sentiment. Most sectors, including Auto, IT, FMCG, and Metals, traded in the red as investors turned to profit booking from recent gains, while Consumer Durables outperformed, likely supported by GST rationalisation and expectations of festive demand,” said Vinod Nair, Head of Research at Geojit Investments.

5 big highlights from today’s market action-

Indices in intraday trade

The indices closed Thursday’s session on a negative note. During the session, out of 3,015 trading stocks, 1,003 advanced, while 1,920 declined, and 92 remained unchanged. Today, 29 stocks hit a fresh 52-week high. Meanwhile, 77 stocks touched a new 52-week low. 

Top gainers 

Titan was the top gainer in the Nifty 50 in Thursday’s session, closing 1.08% higher. It was followed by Coal India, Hero MotoCorp, L&T, and Maruti Suzuki. 

Top losers

Shriram Finance’s shares were the biggest losers in today’s trade, declining 3.94%. It was followed by HCL Technologies, Power Grid, Tata Consultancy Services, Tata Consumer Products, and many others.

Top sectors in Thursday’s trade

The Gems and Jewellery sector’s stocks rose the most in Thursday’s weak trade, rising 1.26% in the market capitalisation. Further, Paints and Pigments stocks were followed by Electric Equipment, which were further followed by the Sugar sector stocks. The Tyres sector stood behind the Infrastructure sector. However, the Transport sector stocks fell the most.