Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, recovered on Thursday following a two-day decline, reflecting gains in global markets after a US court halted President Donald Trump's reciprocal tariffs.
The NSE Nifty advanced 81.15 points or 0.33 per cent to 24,833.60, experiencing sharp fluctuations on expiry day before closing higher. Metal, realty, pharma and IT sectors led the gains.
The BSE Sensex rose 320.70 points or 0.39 per cent to close at 81,633.02 in a volatile trading session with monthly derivatives expiry. During trading, it reached 81,816.89, up 504.57 points or 0.62 per cent.
IndusInd Bank shares rose 2.41 per cent following Sebi's action against former CEO Sumant Kathpalia and four senior officials, barring them from securities markets over alleged insider trading.
Sun Pharma, Adani Ports, Eternal, Tata Steel, Tech Mahindra and Axis Bank showed positive performance.
Bajaj Finance, ITC, Bajaj Finserv and Asian Paints declined during the session.
Markets welcomed the US federal court's ruling against President Donald Trump's reciprocal import tariffs.
"Global markets improved after the US court's decision on Trump's reciprocal tax policy. The domestic market remained constrained by rising oil prices and higher US bond yields. F&O expiry-led covering boosted late session recovery.
"IT and Pharma sectors benefited from potential trade tension reduction," said Vinod Nair, Head of Research, Geojit Investments Limited.
BSE midcap index gained 0.48 per cent while smallcap rose 0.39 per cent.
In sectoral performance, realty led with 1.21 per cent growth, followed by metal (0.89 per cent), BSE Focused IT (0.79 per cent), services (0.69 per cent), teck (0.65 per cent), consumer discretionary (0.55 per cent) and commodities (0.53 per cent).
FMCG was the sole declining sector.
The BSE saw 2,022 advancing stocks, 1,954 declining and 135 unchanged.
Asian markets showed strength with gains in South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite and Hong Kong's Hang Seng. European markets traded higher while US markets closed lower on Wednesday.
FIIs purchased equities worth Rs 4,662.92 crore on Wednesday, as per exchange data.
The Reserve Bank indicated India would maintain its position as the fastest-growing major economy through FY26.
Industrial production growth decreased to 2.7 per cent in April 2025, affected by manufacturing, mining and power sector performance.
Brent crude oil rose 1.42 per cent to USD 65.82 per barrel.
(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)
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Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
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