Stock market today: BSE Sensex ends over 300 points up; Nifty50 near 23,600

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, closed in green on Thursday. While BSE Sensex surged above 77,700 intraday, Nifty50 went above 23,600. BSE Sensex ended the day at 77,606.43, up 318 points or 0.41%. Nifty50 closed at 23,591.95, up 105 points or 0.45%.
The top gainers on Sensex were Bajaj Finserv, IndusInd Bank, UltraTech Cement, NTPC, L&T and Power Grid. The top losers were Tata Motors, Sun Pharma, Bharti Airtel, Kotak Bank, and M&M.
Vinod Nair, Head of Research, Geojit Investments Limited said, “Domestic indices maintained optimism throughout the day, driven by sustained foreign fund inflows and the purchase of blue-chip stocks. However, the 25% tariff on auto imports imposed by Trump has affected auto stocks and raised concerns within the pharma sector. Despite these challenges, the broader market demonstrated resilience, supported by expectations of double-digit earnings growth in FY26, driven by easing inflation and a downward trend in interest rates, which are anticipated to improve domestic fundamentals. Attention is now focused on the US-India trade meeting, which commenced on Wednesday, aiming to provide greater clarity on the bilateral trade agreement between the two nations."
Global markets declined following President Donald Trump's declaration of 25% tariffs on car imports.
Trump justified the increased duties as a measure to boost domestic manufacturing, though the situation remains complex as both American and international car makers operating in the US rely on globally sourced components.
GM shares dropped 6.5% and Ford shares fell 3% during Thursday's pre-market trading.
European markets showed weakness with France's CAC 40 down 0.6% to 7,982.08, Germany's DAX declining 0.8% to 22,661.50, and Britain's FTSE 100 falling 0.7% to 8,632.12.
US futures indicated a modest recovery, with S&P 500 futures rising 0.1% whilst Dow Jones Industrial Average futures advanced 0.2%.
In Asia, Japanese stocks struggled as the Nikkei 225 index closed 0.6% lower at 37,799.97, with automobile manufacturers experiencing significant losses.