Benchmark stock market indices rebounded after falling over 1% to end marginally higher, as market investors seemed to ignore the Trump tariffs.
Late rally in IT and pharma stocks helped offset early losses.
The S&P BSE Sensex added 79.27 points to end at 80,623.26, while the NSE Nifty50 gained 21.95 points to close at 24,596.15.
Vinod Nair, Head of Research, Geojit Investments Limited, said that domestic equities recovered sharply from the intraday lows amid a volatile weekly expiry day.
“Although the earlier trade was weighed down by broad-based selling following steep US tariff hikes on India, sentiment improved toward the close as reports of potential peace talks involving Trump, Putin, and Zelensky which raised hopes of a softer US stance on trade,” he added.
Tech Mahindra emerged as the top gainer on the BSE Sensex with a jump of 1.68%, followed by HCL Technologies up 1.17%, Eternal up 0.97%, Axis Bank rising 0.85%, and Maruti Suzuki gaining 0.80%.
Adani Ports led the losers with a sharp fall of 1.55%, followed by Trent down 1.06%, Tata Motors slipping 0.85%, Hindustan Unilever down 0.74%, and NTPC falling 0.69%.
This renewed optimism triggered a strong rebound in the auto, pharma, metals, and energy sectors and aided the market in recalling its trajectory and concluding in the green.