Stock Market Today: Sensex, Nifty End Higher Despite Trump Tariff Shock
Benchmark Indian equity indices Sensex and Nifty closed marginally higher on August 7, driven by a late rally in the IT sector, despite initial pressure due to fresh tariff announcements by US President Donald Trump.
After a sluggish start and an afternoon dip, the Sensex Nifty Market Closing August 7 showed strength in the final trading hour. The Sensex gained 79 points, settling at 80,623, while the Nifty rose 22 points to finish at 24,596.
ALSO READ| Trump Doubles Down on India With 50% Tariff Over Russian Oil Imports
IT Sector Lifts Indices as Broader Market Remains Mixed
In the broader market, BSE’s Mid-Cap index advanced 0.3%, whereas the Small-Cap index slipped 0.1%, indicating a mixed trend.
Out of the 30 Sensex-listed companies, 17 closed in the green. Key gainers included:
- Tech Mahindra (+1.6%)
- HCL Tech (+1.1%)
- Eternal (+0.9%)
Top losers of the day were:
- Adani Ports (-1.5%)
- Trent (-1.1%)
- Tata Motors (-0.8%)
Stock Market Today: IT and Healthcare Outperform, Telecom Drags
At the Bombay Stock Exchange (BSE), 11 of 21 sectoral indices ended positive. Among sectoral gainers:
- Focused IT surged 0.9%
- IT index rose 0.7%
- Healthcare added 0.5%
Sectoral losers included:
- Telecommunication (-0.6%)
- Capital Goods (-0.4%)
- Commodities and Power, both down over 0.3%
Despite global headwinds, including geopolitical trade tensions, the domestic markets ended on a resilient note, supported by tech and pharma stocks.
Disclaimer:
The information provided in this blog is for educational and informational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instruments. Stock market investments are subject to market risks. Past performance is not indicative of future results. Readers are advised to consult a qualified financial advisor before making any investment decisions. The author and publisher are not liable for any losses or damages arising from the use of this information.
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