Indian equity markets ended higher on Thursday, extending their winning run for the fourth consecutive session.
The Sensex closed at 81,548.73, up 123.58 points (0.15%), while the Nifty settled at 25,005.50, gaining 32.40 points (0.13%).
The 30-share index opened lower at 81,217.30, compared to the previous close of 81,425.15, but regained momentum during the day. It touched an intra-day high of 81,642, recovering more than 400 points from the session’s low.
According to Vinod Nair, Head of Research at Geojit Financial Services, the Nifty50’s close above the 25,000 mark reflects resilience despite global trade concerns. “The 50 per cent tariff imposed by the US initially dragged the index down to 24,400. However, domestic policy measures, including GST reforms and a strong strategic response to global trade policies, supported recovery,” he said.
Among the Sensex constituents, NTPC, Axis Bank, PowerGrid, Bharti Airtel, Sun Pharma, SBI, Asian Paints, and TCS emerged as top gainers. On the other hand, Infosys, Titan, Ultratech Cement, Hindustan Unilever, Tata Motors, and Tech Mahindra ended in the red.
Sectorally, banking, financial services, and FMCG indices posted gains, while auto and IT stocks witnessed selling pressure. Broader indices remained largely range-bound, with the Nifty Smallcap 100 and Midcap 100 closing flat.
Meanwhile, the rupee weakened by 0.35% to 88.40 against the US dollar, tracking mixed FII flows and global currency movements. Analysts said focus remains on the upcoming US CPI data, which could influence dollar and rupee volatility.
Crude oil prices traded with fluctuations but remained in lower ranges, lending partial support to the market mood.
-IANS