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Additionally, market optimism was further boosted by the early arrival of the monsoon, the Reserve Bank's record Rs 2.69 lakh crore dividend announcement for FY25, and US President Donald Trump's decision to postpone 50 per cent EU tariffs until July 9, experts noted.
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After a flat start to the trade, the 30-share BSE benchmark gauge Sensex bounced back and jumped 953.18 points to 81,905.17 in late morning deals. The NSE Nifty surged 299.35 points to 24,909.05
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Following a lacklustre opening, the 30-share BSE benchmark Sensex recovered and rose by 219.05 points to reach 81,171.04, while the NSE Nifty advanced 111.2 points to 24,720.90.
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The 30-share BSE benchmark Sensex plunged 578.3 points to 81,018.33 in early trade, while the NSE Nifty dropped 203.45 points to 24,610.
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The 30-share BSE benchmark Sensex recovered in early trade, rising by 267.68 points to reach 81,454.12, while the NSE Nifty advanced 82.25 points to 24,766.15. Among the top performers on the Sensex were Nestle, HDFC Bank, Hindustan Unilever, Maruti, UltraTech Cement, ICICI Bank, Axis Bank, Tata Consultancy Services, Tata Motors, and State Bank of India
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On Thursday night, India promptly intercepted and neutralized Pakistan's renewed attempts to target military installations using drones and missiles in areas including Jammu and Pathankot, following earlier similar strikes at 15 locations across the northern and western regions, escalating tensions and raising concerns of a broader conflict.
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The benchmark indices showed range-bound movement during morning trade, with the BSE Sensex down by 87.81 points at 80,553.26 and the Nifty slipping 16.55 points to 24,365.05.
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Markets witnessed sharp volatility in early trade, with the Sensex swinging between a high of 80,844.63 and a low of 79,937.48, while the Nifty fluctuated from a peak of 24,449.60 to a low of 24,220.
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The 30-share BSE Sensex jumped 386.95 points to reach 80,888.94 in early trading, while the NSE Nifty advanced 114.05 points to 24,460.75. Among the top performers on the Sensex were Adani Ports, Asian Paints, Bajaj Finserv, Tata Consultancy Services, Infosys, HDFC Bank, Power Grid, HCL Tech, Titan, and Tata Motors.
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A strong global market trend further bolstered investor sentiment, lifting equities. The 30-share BSE Sensex rallied 500.81 points to 80,743.05 in early trade, while the NSE Nifty advanced 110.65 points to 24,444.85.
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The 30-share BSE Sensex slipped by 232.51 points to 80,055.87 in early trade, while the NSE Nifty dropped 67.15 points to 24,268.80. However, both indices later clawed back their losses and moved into positive territory, with the Sensex rising 76.72 points to 80,365.10 and the Nifty gaining 23.30 points to reach 24,359.25.
1/2
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Domestic benchmark indices opened flat to positive in morning trade but turned red during intra-day trade. Sensex and Nifty fell by more than 1 per cent as uncertainty over India-Pakistan relations affected investors' sentiment
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The 30-share BSE benchmark rose by 329.23 points to reach 80,130.66 in early trading, while the NSE Nifty advanced 118.75 points to 24,365.45. However, both indices later reversed their gains and slipped into the red, with the BSE benchmark down 174.24 points at 79,627.19 and the Nifty lower by 94.35 points at 24,152.35.
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The 30-share BSE Sensex dropped 242.01 points to 79,874.48 in early trade, while the NSE Nifty slipped 72.3 points to 24,256.65. This comes after a strong seven-day rally, during which the Sensex surged by 6,269.34 points (8.48%) and the Nifty advanced 1,929.8 points (8.61%).
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Investor sentiment was further buoyed by strong buying in blue-chip IT stocks. In early trade, the 30-share BSE Sensex surged 658.96 points to 80,254.55, while the NSE Nifty climbed 192.05 points to 24,359.30.
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The 30-share BSE benchmark Sensex dropped 362 points to 76,682.29 in early trade, while the NSE Nifty slipped 129.75 points to 23,307.45. Among the major laggards from the Sensex pack were HCL Tech, Tata Steel, Tech Mahindra, Tata Consultancy Services, Larsen & Toubro, and Titan.
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Following a two-day sharp rally, the 30-share BSE benchmark Sensex slipped 165.3 points to 76,569.59 in early trade, while the NSE Nifty dropped 51.55 points to 23,277. Among the Sensex constituents, Maruti, Sun Pharma, NTPC, Tata Steel, Reliance, and Infosys emerged as the top losers.
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“With massive 104 per cent tariffs on China expected to take effect today, markets are in turmoil and uncertainty is at its peak. The future of global trade and the broader economy amid this chaos is still unclear,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
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Sensex nosedives over 5 per cent amid global market meltdown due to growing trade war concerns
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All Sensex constituents were in the red, with Tata Steel plunging over 8 per cent and Tata Motors sliding more than 7 per cent. Other major losers included HCL Technologies, Tech Mahindra, Infosys, Larsen & Toubro, Tata Consultancy Services, and Reliance Industries.