The benchmark domestic equity indices today ended on a strong note with gains of over one and half per cent following a pause in reciprocal tariffs. The 30-share index at the Bombay Stock Exchange, Sensex, surged 1,310 points to close at 75,157. The National Stock Exchange Nifty-50 rose 429 points to settle at 22,829. The broader market indices at the BSE ended higher. The Mid-Cap index advanced over 1.8 per cent and the Small-Cap index jumped over three per cent.
The BSE Sensex gained 1310.11 points or 1.77 per cent to settle at 75,157.26, while the NSE Nifty50 close at 22,828.55, up by 429.40 points or 1.92 per cent.
In the broader markets, the BSE Midcap and Smallcap jumped 1.84 per cent and 3.04 per cent respectively.
On the sectoral front, all the sectors settled in green with Nifty Metal, Energy, Pharma, Auto, and Bank among the top gainers, rising up to 4.09 per cent.
From the Nifty50 constituents, 47 out of 50 stocks settled in green, with Hindalco up by 6.52 per cent, Tata Steel up 4.84 per cent, JSW Steel 4.81 per cent, Coal India 4.51 per cent and Jio Financial Services up by 4.43 per cent among the top gainers.
Asian markets indices including Japan’s Nikkie 225, South Korea’s KOSPI and Singapore’s Straits Times closed in red after the trade war tensions escalated following China’s announcement to raise tariffs on US goods to 125 per cent from Saturday. This comes after Trump’s latest tariff hike on Chinese imports, which increased effective duties to 145 per cent.