After watching red continuously dominate the market for days, investors finally had reason to breathe easier on Thursday. The stock market staged a measured rebound, snapping its recent losing streak as fresh buying emerged across key sectors. While the recovery was not emphatic, it was enough to steady nerves and claw back a portion of the losses piled up earlier in the week.
By the end of Thursday's trading session, the Sensex rose 398 points, or 0.48 per cent, to settle at 82,307, while the Nifty50 advanced 132 points, or 0.53 per cent, to end at 25,289. Both benchmark indices were trading more than 1 per cent higher during intraday deals, but a bout of late-session profit booking trimmed those gains before the bell.
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Broader market and sectoral performance
Along with the Sensex and Nifty50, the BSE Mid Cap and Small Cap indices advanced by 1.28 per cent and 1.13 per cent, respectively. On the Nifty, all sectoral indices closed in the green except realty. Nifty India Defence recorded the highest gain at 2.67 per cent, while Nifty IT rose 0.81 per cent and Nifty Bank gained 0.68 per cent.
Owing to the broad-based rally, the combined market capitalisation of companies listed on the Bombay Stock Exchange increased by ₹5 lakh crore, reaching ₹459 lakh crore.
Among Nifty50 stocks, the top gainers were Dr Reddy’s (5.22 per cent), Bharat Electronics Limited (3.64 per cent), Adani Enterprises (2.67 per cent), Adani Ports and SEZ (2.59 per cent), and Tata Steel (2.55 per cent). The biggest losers in the index were Eicher Motors (2.69 per cent), SBI Life (1.63 per cent), Titan Company (1.49 per cent), Eicher Motors (1.28 per cent), and Max Healthcare (1.28 per cent).
Global cues lift investor sentiment
Market sentiment was supported by developments on the global front. US President Donald Trump had earlier imposed a 10 per cent tariff on several European countries over the Greenland issue, raising concerns about a potential deterioration in relations between the European Union and the United States. His remarks in recent days had further intensified those concerns. However, Trump has now announced the cancellation of that tariff, reducing fears of a trade war between the US and Europe.
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According to Geojit Investment analyst V K Vijayakumar, this development has contributed to improved market sentiment. Optimism has also emerged from Trump’s statements regarding a trade deal between India and the United States. He indicated that the two countries have made significant progress toward a "good trade deal" and reiterated his message of friendship toward Prime Minister Narendra Modi.
Responding to journalists, Trump said, "I have great respect for your Prime Minister. He's a fantastic man and a friend of mine. We are going to have a good deal"
In addition, Trump’s softened stance on Greenland is expected to ease geopolitical tensions to some extent. Recent escalations involving Iran have also moderated. Experts believe these factors have helped restore investor confidence. Asian markets have turned positive as well, and analysts say this improvement in global sentiment has been reflected on Dalal Street.
