- Sensex surged 926 points from its low while Nifty jumped 290 points

New Delhi, August 7 (HS): On Friday, the domestic stock market ended with gains owing to potential discussions between the US and Russia. Initial trading saw declines, as both the Sensex and Nifty indices dropped significantly following US President Donald Trump’s announcement of new tariffs on India. However, after 1 PM, positive signals regarding US-Russia talks revitalized the market, leading to a noteworthy recovery. The Sensex rebounded 926.26 points from its lows, while the Nifty surged by 290.05 points. By the end of the day, the Sensex increased by 0.10 percent, closing at 80,623.26 points, and the Nifty climbed 0.09 percent, ending at 24,596.15 points.

Throughout trading, notable buying occurred in the pharmaceuticals, IT, and automobile sectors, and the banking, consumer durables, metal, and tech indices also closed positively. In contrast, the oil and gas, infrastructure, and real estate sectors faced persistent selling pressure, leading to drops in capital goods, FMCG, and public sector enterprise indices. The broader market displayed mixed performance; the BSE midcap index rose by 0.30 percent, while the smallcap index fell by 0.18 percent. In total, investors' wealth increased by over ₹40,000 crore, raising the market capitalization of BSE-listed companies to a provisional ₹445.54 lakh crore.

During the session, 4,191 shares were traded on the BSE: 1,852 gained, while 2,186 declined, and 153 remained unchanged. On the NSE, 2,683 shares saw action, with 1,205 gaining and 1,478 losing ground. Among the Sensex's 30 stocks, 18 closed with gains while 12 recorded declines; the Nifty comprised 50 stocks, 32 gained and 18 lost.

Opening at 80,262.98 points, the BSE Sensex initially declined by 281.01 points, falling to 79,811.29 points after significant selling pressure. Yet, global market cues prompted a buying frenzy that lifted the index 926.26 points before it slightly retracted to close at 80,623.26 points, up 79.27 points. The Nifty began at 24,464.20 points, losing up to 230.05 points to 24,344.15 points; subsequently, it ascended 290.05 points, ultimately finishing up by 21.95 points at 24,596.15 points. Top gainers included Hero MotoCorp, Tech Mahindra, and Wipro, while Adani Enterprises and Adani Ports featured among the day’s notable losers.

Hindusthan Samachar / Jun Sarkar