The Indian stock market ended marginally higher on Thursday despite opening weak, as investor sentiment recovered late in the day, offsetting concerns over fresh 25% tariffs on Indian imports announced by US President Donald Trump.
The Sensex closed at 80,623.26, gaining 79.27 points (0.10%), while Nifty settled at 24,596.15, up 21.95 points (0.09%). Early losses were triggered by Trump&rsquo;s tariff shock, impacting sectors like textiles, jewellery, and auto ancillaries due to their high export exposure.
However, strong buying in banking, FMCG, and IT stocks helped reverse the trend. Stocks like Tech Mahindra, HCL Tech, Axis Bank, and HDFC Bank led the gains from the Sensex pack, while Trent, Hindustan Unilever, Kotak Bank, and Tata Motors lagged behind.
&ldquo;Despite initial volatility, the market absorbed the tariff shock well. Banking and IT drove the late-session recovery,&rdquo; said Vikram Kasat of PL Capital.
Sectoral indices turned positive by closing:
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Nifty IT surged 300 points (0.87%)
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Bank Nifty rose 110 points (0.20%)
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Nifty Auto gained 59 points (0.25%)
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Nifty FMCG added 67 points (0.12%)
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Nifty Fin Services moved up 32 points
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</ul>
According to Vinod Nair of Geojit Financial, optimism grew after reports hinted at possible peace talks involving Trump, Putin, and Zelensky, hinting at a possible softening of the US stance.
Broader markets mirrored the optimism:
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Nifty Small Cap 100: +30 points
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Nifty Midcap 100: +188 points
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Nifty Next 50: +156 points
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</ul>
The Indian rupee remained range-bound with a slight upside, trading at 87.67. However, Jateen Trivedi of LKP Securities cautioned that the rupee continues to be weighed down by tariff pressure, having dropped from 84.50 to 87.70 in four months.
[Except for the headline, this article has not been edited by the Benefit News editorial team and is published directly from the IANS news feed.]
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Indian markets rebound late despite early dip on Trump’s 25% tariff on Indian imports

Markets End Higher Despite US Tariff Jitters

Indian markets rebound late despite early dip on Trump’s 25% tariff on Indian imports

August 7, 2025 | 21:49 IST