ANI
07 Aug 2025, 19:37 GMT+10
Mumbai (Maharashtra) [India] August 7 (ANI): Indian equity indices ended marginally higher after a choppy trading session, as investors weighed global headwinds against domestic resilience.
At the end of today's trading session, the Sensex was up 79.27 points or 0.10 per cent at 80,623.26, while the Nifty 50 at the National Stock Exchange (NSE) ended at 24,596.15, up 21.95 points.
In the Nifty 50 basket, Hero MotoCorp and Tech Mahindra emerged as the top gainers, reflecting strength in the auto and IT segments. On the flip side, Adani Enterprises and Adani Ports were among the top laggards, dragging on the broader index.
Sectorally, the market breadth was largely positive. Barring Nifty Oil & Gas and Nifty Realty, all other sectoral indices ended in the green. Nifty Media and Nifty IT led the gains, supported by renewed investor interest.
'Early jitters from Donald Trump's renewed tariff rhetoric--which proposed a 25 per cent additional levy on Indian imports--were largely absorbed by the market. Sectors with high U.S. export exposure like textiles, jewellery, and auto ancillaries remained under pressure, but a late-session rebound in banking and FMCG helped offset broader losses,' said Vikram Kasat, Head - Advisory, PL Capital.
'With Nifty holding above the 24,500 mark, momentum remains positive in the short term, but global cues will dominate sentiment,' he said.
Sudeep Shah, Head - Technical and Derivatives Research, SBI Securities, said as long as Nifty trades above the 24450 mark, the momentum is likely to remain positive.
'Going ahead, the support zone of 24480-24450 will be crucial for the index. As long as Nifty trades above the 24450 mark, the momentum is likely to remain positive, paving the way for a further pullback rally towards 24700, and eventually 24850 levels,' said Sudeep Shah, Head - Technical and Derivatives Research, SBI Securities.
In the begining of the trading today, selling pressure was seen in Indian markets after US President Donald Trump announced an additional 25 per cent tariff on Indian goods.
With this new move, Indian exports to the United States have now become 50 per cent more expensive. The news triggered concerns among investors, leading to a sell-off across major indices.
SBI Securities, in a market note said that a lack of clarity around trade negotiations between India and the United States is adding to market nervousness. (ANI)
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationWASHINGTON, D.C.: The White House is preparing to take action against banks accused of cutting off clients over political views, with...
BELFAST, Northern Ireland: The BBC is facing criticism for failing to pay court-ordered damages to former Sinn Féin president Gerry...
LANCASTER/DOWNEY, California: As immigration raids intensify across Los Angeles County, local animal shelters are dealing with an unexpected...
TEL AVIV, Israel: Israel's far-right national security minister, Itamar Ben-Gvir, sparked renewed outrage over the weekend by leading...
NEW YORK CITY, New York: Thousands of Boeing workers who build the company's fighter jets are preparing to go on strike, after voting...
SINGAPORE/BAGHDAD: While global oil giants scale back operations in Iraq, a new group of players is quietly filling the gap. Independent...
(Photo credit: Rafael Suanes-Imagn Images) The visiting Athletics and the Washington Nationals will play the decisive game of their...
(Photo credit: Ron Chenoy-Imagn Images) Davis Schneider hit two of Toronto's five home runs to back seven strong innings by Kevin...
(Photo credit: Dale Zanine-Imagn Images) Andrew Vaughn and Blake Perkins hit home runs to support the solid effort of starter Jose...
(Photo credit: David Frerker-Imagn Images) The San Diego Padres released catcher Martin Maldonado and outrighted utility player Tyler...
(Photo credit: Wendell Cruz-Imagn Images) When left-hander Nestor Cortes joined San Diego at the trade deadline last week, he marveled...
(Photo credit: Jonathan Hui-Imagn Images) Jose Quintana wasn't even sure he was going to be with Milwaukee before the trade deadline...