Stock market today: Nifty50 ends in green; BSE Sensex up 270 points

Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, ended in green on Tuesday after a volatile trading session. The NSE Nifty 50 index settled at 25,522.50, registering an increase of 61.20 points or 0.24 per cent after subdued trading. The BSE Sensex concluded Tuesday's trading session with a gain of 270 points, driven by late purchases in banking and select IT shares, alongside positive trends in Asian markets.The markets traded within a confined range for most of the session until value buying emerged near closing. Analysts noted that investors remain watchful of developments in the India-US trade discussions, with the US extending the suspension of reciprocal tariffs until August 1.Among Sensex companies, notable gainers included Kotak Mahindra Bank, Eternal, Asian Paints, NTPC, Bharat Electronics Ltd, Adani Ports, Infosys and State Bank of India.On the declining side, Titan experienced a significant drop of over 6 per cent, accompanied by Trent, Axis Bank, Maruti and Hindustan Unilever.US President Donald Trump has indicated that a trade agreement with India is imminent."Now, we've made a deal with the United Kingdom, we've made a deal with China… We're close to making a deal with India. Others we met with and we don't think we're going to be able to make a deal, so we just sent them a letter. If you want to play ball, this is what you have to pay," Trump said on Monday.The Trump administration dispatched initial "letters" to various nations on Monday, outlining US tariffs on their products entering America.Recipients of these Trump-signed letters included Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Kazakhstan, Lao People's Democratic Republic, Malaysia, Serbia, South Africa, South Korea, Thailand, and Tunisia.Asian markets showed positive performance, with gains in South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite and Hong Kong's Hang Seng."The Indian equity market remained largely range-bound as investors awaited definitive progress on the India–US trade agreement. While sentiment remains cautiously optimistic about a potential deal, the lack of formal confirmation has restrained fresh buying activity."Moreover, the US decision to extend the deadline for implementing 25% tariffs on key trading partners has led investors to adopt a more defensive approach," Vinod Nair, Head of Research, Geojit Investments Limited, said.European markets displayed mixed trends, whilst US markets closed lower on Monday.Brent crude, the global oil benchmark, decreased by 0.59 per cent to USD 69.17 per barrel.According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 321.16 crore on Monday, while Domestic Institutional Investors (DIIs) acquired stocks valued at Rs 1,853.39 crore.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)