Indian stocks recovered from earlier losses to close slightly higher on Thursday, as buying activity surged in the final trading hour, coinciding with the weekly expiry of Nifty derivatives. Market sentiment improved after brokerage firms downplayed the potential broader impact of U.S. President Donald Trump’s sudden decision to double tariffs on Indian exports. Analysts suggested that the negative effects on listed companies would be limited and indicated that there was still room for negotiations ahead of the August 27 deadline.
Indian benchmark indices ended marginally higher on August 07 amid US tariff worries.
Sensex ended 79.27 points higher at 80,623.26, whereas Nifty concluded 21.95 points up at 24,596.15.
Top Nifty gainers were Hero MotoCorp, Tech Mahindra, Wipro, Eternal, JSW Steel, while losers included Adani Enterprises, Adani Ports, Trent, Tata Motors and Grasim Industries.
Indian rupee ended flat at 87.70 per dollar on Thursday versus previous close of 87.73.
In the previous season, Sensex closed the day at 80,543.99 points, down 166.26 points or 0.21 per cent, while Nifty closed at 24,574.20 points, down 75.35 points or 0.31 per cent.
