The domestic stock market closed rapidly amid global signals. The BSE Sensex rose 79.27 points to 80,623.26 and the Nifty closed 21.95 points to close at 24,596.15. The benchmark index Nifty 50 climbed one percent from its Intrade low level 24,344.15. At the end of today’s trading, the BSE Midcap index rose 0.30 percent, while the smallcap index fell 0.18 percent. Brokerage firms say that Trump’s tariffs listed will not have much effect on the listed market income. However, it will have a profound impact on exports to the US.
Stir in these major shares
During the trading on Thursday, Sensex companies gained an increase in shares of Tech Mahindra, HCL Tech, Eternal, Axis Bank, Maruti, Tata Steel, HDFC Bank and Asian Paints. However, the shares of Adani Ports, Trent, Tata Motors, Hindustan Unilever and NTPC declined.
Why did the Indian stock market get support today?
According to the news, experts say that the impact of tariffs on the overall Indian economy is still under control, and the government may consider relief measures for areas that are more dependent on American markets. Vinod Nair, the head of research of Geojit Investments, says that there was a improvement in trading perception due to the news of possible peace talks between Trump, Russian President Vladimir Putin and Ukrainian President Volodimir Jailonsci. This makes investors hope that America’s stance may be soft towards trade.
Rupee closed 3 paise fast
According to PTI news, the rupee continued to trade within a limited range against the US dollar on Thursday and finally closed at 87.69 (temporary) with a slight gain of 3 paise. This boom was seen at a time when US President Donald Trump announced a 25 percent additional fee on Indian goods, reaching 50 percent of the total fee. This step negatively affected the market notion.
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