Sensex Ends 270 Points Higher on Late Buying; Nifty Gains 61 Points Amid Global Cues

Mumbai, July 8 – Benchmark equity indices closed higher on Tuesday, with the BSE Sensex rising by 270 points and the NSE Nifty gaining 61 points, buoyed by late-session buying in banking and select IT stocks alongside positive cues from Asian markets.

Sensex Climbs Amid Choppy Trade

The 30-share BSE Sensex surged 270.01 points, or 0.32%, to end at 83,712.51, recovering from a largely range-bound session. It touched an intraday high of 83,812.31 and a low of 83,320.95, marking a swing of 491 points. Of the 30 constituents, 18 ended in the green while 12 declined.

Meanwhile, the broader NSE Nifty rose 61.20 points, or 0.24%, to settle at 25,522.50, after trading listlessly for most of the day.

Buying Picks Up as Trade Deal Hopes Persist

Markets remained muted for most of the session before value buying emerged in the pre-close window. Traders noted that sentiment improved slightly on hopes of progress in the India–US trade talks, especially after the US extended the suspension of reciprocal tariffs until August 1.

Market participants reacted to President Donald Trump’s remarks indicating that the US was close to finalising a deal with India. “We’re close to making a deal with India,” Trump said on Monday, while announcing tariff-related letters sent to multiple countries.

Key Gainers and Laggards

Top gainers on the Sensex included:

• Kotak Mahindra Bank
• Eternal
• Asian Paints
• NTPC
• Bharat Electronics Ltd
• Adani Ports
• Infosys
• State Bank of India

On the flip side, top laggards included:

• Titan
• Trent
• Axis Bank
• Maruti
• Hindustan Unilever.

Global and Institutional Trends

Across Asia, key indices closed in the green. South Korea’s Kospi, Japan’s Nikkei 225, Shanghai Composite, and Hong Kong’s Hang Seng all posted gains, providing positive signals for Indian equities.

However, European markets were mixed, and US indices ended lower on Monday, reflecting caution ahead of trade policy developments.

On the commodities front, Brent crude slipped 0.59% to USD 69.17 per barrel, easing inflation concerns.

Foreign Institutional Investors (FIIs) bought shares worth Rs 321.16 crore, while Domestic Institutional Investors (DIIs) continued their bullish stance with net purchases of Rs 1,853.39 crore, according to stock exchange data.

Previous Session Recap

On Monday, the Sensex ended marginally higher by 9.61 points at 83,442.50, while the Nifty closed flat at 25,461.30, reflecting investor indecision amid geopolitical uncertainties and a lack of fresh triggers.

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